Brazil current account deficit in May posts a record; World Cup should help in June

Thursday, June 26th 2014 - 05:07 UTC

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Brazil had a current account deficit of 6.635 billion in May, above the previous record high of 6.356 billion for this month posted last year, central bank data showed this week. It was the widest on record for the month of May as Brazilians spent more on international travel and foreign companies sent profits and dividends abroad. Brazil's current account deficit in April was 8.291 billion. Read full article

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Brasileiro
Current account = - 6.635
FDI (Foreign Direct Investiment) = +5.963
Trade surplus = +712
_________________________
Total = +40.000.000 USD (deposited in our international reserves)

These numbers are for May. In June there will be a noticeable improvement in the surplus. In the first three weeks of June, there was a trade surplus of USD 2.1 billion.

A very good news!

http://oglobo.globo.com/economia/junho-registra-superavit-comercial-de-us-21-bilhoes-nas-tres-primeiras-semanas-12997320
Jun 26th, 2014 - 11:03 am - Link - Report abuse 0
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yankeeboy
The trend is down, their economy is slowing.
What will they do, depreciate the currency, which will raise inflation which will lower economic activity.
These Marxists Monkeys don't know how to do anything else.
Wait and see
Jun 26th, 2014 - 01:19 pm - Link - Report abuse 0
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Captain Poppy
When the circus is over..........where will the bread come from?
Jun 26th, 2014 - 02:31 pm - Link - Report abuse 0
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