Itaú BBA - Narrower-than-expected current account deficit in September

Macro Brazil

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Narrower-than-expected current account deficit in September

octubre 24, 2019

Narrower Current Account Deficit in September due to smaller Income Deficit


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

  The current account posted a $3.5 billion deficit in September, which was narrower than our forecast (-$4.2 billion) and market estimates (-$4.0 billion). The income deficit shrunk during the month, under lower pressure from profit and dividend remittances. For the next years, we maintain our expectation of a gradual increase in the current account deficit.
 

Julia Gottlieb
Thales Caramella


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



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