MercoPress. South Atlantic News Agency
Brazil’s trade surplus in April soars pushed by commodities prices
The trade surplus rose to 1.86 billion USD last month from 1.55 billion in March, the ministry said. The figure compares with a 1.28 billion surplus in April last year. In the first four months of 2011 Brazil’s trade surplus totalled 5.03 billion USD which is up 132% over the same period a year ago. Read full article
Comments
Disclaimer & comment rulesAnnual deficit on current account of 50 billion USD seems a bit much.
May 03rd, 2011 - 10:30 pm - Link - Report abuse 0People spending more than they are earning.
Is this what they call a Bubble?
Annual deficit of 50 billion dollars is not worrying for a 2.1 trillion dollars economy. A 2.3% current account deficit is entirely sustainable over the long term. Just compare Brazil with India or Mexico.
May 04th, 2011 - 02:50 am - Link - Report abuse 0Plus, most of that deficit has nothing to do with people spending too much - it has to do with 1- their spending on cheap imported goods instead of domestically produced ones because the money is so cheap; 2 - growing investment levels, which always, everywhere in the world, increases demand for imported fixed capital goods.
As often, you don't know what you're talking about.
It doesn't even know how a real bubble looks like. Funny, how those kind of clowns could not see any bubbles (dot com, cheap credit, housing etc etc) in their own country and suddenly see every where bubbles. Of course he will claim that he did see it and forcasted when it would blow up.
May 04th, 2011 - 03:25 am - Link - Report abuse 0Thanks, Forgetit,
May 04th, 2011 - 11:22 am - Link - Report abuse 0I phrased it as a question because I needed information.
As so often with matters financial you come up with the answers needed.
What might constitute a Bubble here in Brasil?
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