BRASILIA (Reuters) – Brazil posted a current account deficit of US$1.584 billion in July, with the 12-month accumulated deficit rising to 1.30% of GDP, the Central Bank reported on Wednesday.
In a Reuters poll, the expectation was of a much more modest deficit, of 650 million dollars. Direct investments in the country totaled US$6.103 billion in the month, above analysts’ projection of US$4.45 billion.
For August, the BC forecast a current account surplus of 1.1 billion dollars and an IDP of 5.8 billion dollars.
(By Marcela Ayres)
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