Itaú BBA - Current account deficit reaches $1.1 billion in February

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Current account deficit reaches $1.1 billion in February

March 25, 2019

Stable current account deficit at the margin in February

For the version with all charts and tables, please open the attached pdf file
 

 The current account had a $1.1 billion deficit in February, printing between our estimate (-$900 million) and market consensus (-$1.3 billion), while remaining at a historically-low level. For the next years, we maintain our expectation of a gradual increase in the current account deficit, but not to the point of compromising the sustainability of Brazil’s external accounts. Direct investment in the country is still the main source of financing for the current account deficit. 

 

Thales Caramella



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