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Brazil’s Current A/C Deficit Shrinks

Brazil’s Current A/C Deficit ShrinksBrazil’s Current A/C Deficit Shrinks

Brazil’s central bank recorded a current account deficit of $23.507 billion in 2016, shrinking from the previous year and covered entirely by the $78.9 billion in foreign direct investment that flowed into the country, central bank data showed on Tuesday, Reuters reported. In December, the country’s current account widened from the previous month to $5.881 billion, a larger deficit than the $4.5 billion gap expected by the median of analysts in a Reuters poll. In 2015, Latin America’s largest economy had an external deficit of $58.8 billion and foreign investment inflows of $74.4 billion.

 

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