Itaú BBA - $6.5 billion current account deficit in January

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$6.5 billion current account deficit in January

febrero 25, 2019

Smaller trade surplus drives current account deficit to $6.5 billion in January

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

• The current account posted a $6.5 billion deficit in January, printing close to market consensus (-$6.4 billion). Notwithstanding the latest reading, the current account deficit remains 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
 

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



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