In the first quarter, the current account balance incurred a deficit of USD 14.6 billion. The deficit was greater than the USD 11.9 billion deficit registered in the same period last year and exceeded the USD 12.0 billion deficit recorded in the fourth quarter of 2010. Although the trade balance remained in the black in the first quarter of 2011 totalling USD 3.2 billion, positive net exports were not enough to offset a negative balance in services (USD 7.8 billion) as well as income (USD 10.9 billion). Moreover, high interest rates and a resilient pace of economic expansion attract increasing amounts of foreign investment into the country and, consequently, drive up the demand for the real, which contributes to a widening of the gap between domestic investment and saving in the economy.
Brazil Current Account
Brazil's current account deficit widens in the first quarter
May 25, 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.