Brazil’s current account deficit at an annual record boosted by the strong Real

Monday, October 25th 2010 - 21:28 UTC

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Brazil’s 12-month current account gap widened to a record high in September as domestic demand and the Real appreciation boosted spending on imports. Read full article

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FernandoFF
This deficit will grow further when Brazil hosts its forthcoming international events, where imported goods will be necessary to cater to the foreigners visiting Brazil. Local consumption of such imported goods will tend to increase and the deficit will rocket upwards.

http://fernandofusterfabra.wordpress.com/
Oct 26th, 2010 - 09:32 am - Link - Report abuse 0
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