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Brazil posted a current account deficit of $6.5 billion in November, the largest for the month since 2014, the central bank said on Wednesday, as a result of worsening trade figures.
The deficit was slightly higher than the $6.3 billion forecast in a Reuters poll of economists. In the 12 months to November, the deficit reached 1.9% of gross domestic product, the highest since September 2020.
On the capital flows side, foreign direct investment in November came in at $4.6 billion, the central bank said, more than the $3.8 billion forecast. RTRS
The deficit was slightly higher than the $6.3 billion forecast in a Reuters poll of economists. In the 12 months to November, the deficit reached 1.9% of gross domestic product, the highest since September 2020.
On the capital flows side, foreign direct investment in November came in at $4.6 billion, the central bank said, more than the $3.8 billion forecast. RTRS