In the fourth quarter, the current account incurred a deficit of USD 12.0 billion. The result was broadly in line with the USD 12.2 billion deficit registered in the same period last year but exceeded the USD 11.4 billion deficit recorded in the third quarter of 2010. The full-year current account deficit widened markedly to USD 47.5 billion in 2010 (2.3% of GDP), nearly double the USD 24.3 billion deficit recorded in 2009 (1.5% GDP), marking a record deficit. The rapid deterioration in the external account reflects an increasing imbalance between domestic demand and GDP growth, which has been fuelled by the appreciation of the real. The resilience of imports is raising concerns among Brazilian policy makers, who have already implemented measures aimed at curbing the excessive appreciation of the currency.
Brazil Current Account
Brazil posts record current account deficit in 2010
January 26, 2011
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Brazil Economic News
October 25, 2016
Brazil’s current account balance improved in September, continuing to build on the considerable gains made over the past year.
October 19, 2016
At its 19 October meeting, the Central Bank’s Monetary Policy Committee (COPOM, Comite de Politica Monetaria) decided to cut the benchmark SELIC interest rate for the first time in four years, lowering it from 14.25% to 14.00%.
October 18, 2016
Retail sales (excluding cars and construction) fell 0.6% in August from the previous month in seasonally-adjusted terms.
October 7, 2016
Consumer prices in September increased 0.08% over the previous month, the lowest rise since July 2014.
October 4, 2016
In August, industrial production plunged 3.8% over the previous month in seasonally-adjusted terms, which significantly contrasted the 0.1% expansion recorded in July and marked the worst result since January 2012.