Brazil current account deficit narrows in June, but will be above 3% of GDP in 2013

Thursday, July 25th 2013 - 06:00 UTC

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Brazil's current account deficit narrowed in June from a year ago, central bank data showed on Tuesday, although it may still be unable to cover that gap in 2013 with direct investment from abroad. The country posted a current account gap of 3.6 billion dollars in June. Read full article

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ChrisR
The financial problems increase by the month.

Some of the investment left because the cash flows didn't add up after the liar Mantega deliberately misled people with his ficticious growth numbers.

Until he is replaced with somebody who knows WTF to do financially, Brazil is going to continue on its downhill path.
Jul 25th, 2013 - 01:31 pm - Link - Report abuse 0
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