Dollar outflow in Brazil surpassed inflow in more than USD 6 billion in September.
Browsing: current account
Spending on foreign trips totaled USD 1.382 billion. The decline occurred due to the dollar’s appreciation against the real.
The Fund believe that the country’s economy will pick up in 2018 and 2019 after a downturn in 2017.
Financial institutions revised down their forecast for the Brazilian Central Government’s deficit.
The country saw a USD 435 million surplus in June of this year.
Dollar inflow surpassed outflow in Brazil last month. Year-to-date, there’s a forex surplus of USD 22.5 billion.
In May, the current account surplus was USD 729 million. Year-to-date, however, it has a USD 4 billion deficit.
For the third consecutive month, the country registered a current account surplus in April.
March saw revenue outweigh spending by USD 798 million surplus, but year-to-date there was a deficit.
