Brazil posts January Current Account Deficit

Last Friday the Brazilian central bank (BCB) reported the country’s January current account results, which recorded a current-account deficit of $11.9 billion, compared with a deficit of $5.7 billion in December 2019. The results for the 12-month period of ending in January were a deficit of $52.3 billion, compared to $50.8 billion from the month before, the BCB said. The 12-month current-account deficit was equal to 2.85% of gross domestic product, versus 2.76% of GDP reported for the previous month. Net FDI reached $5.6 billion in January, down from $9.4 billion in December, with the 12-month figure at $78.4 billion, down from $78.6 billion in December.

Source: Dow Jones Newswires

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Emerging Markets Insights

a blog by Frontier Strategy Group

longandvariable

A blog on macroeconomics and public policy by Tony Yates.

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