LatAm Daily | In Colombia current account deficit in 1Q15 in Colombia stood at 7% of GDP

Summary

The financing of the CC deficit was 55% covered by FDI. Fiscal data in Brazil reinforce our view that meeting the target for 2015 is now almost impossible. We consider it likely that Brazil will revise downwards its primary surplus target. Figures for activity and labour in Chile remain weak, but in contrast, the labour market remains resilient in Colombia.

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