Brazil recorded a current-account deficit of USD 2.4 billion in February, down from a year earlier.
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Fund stressed the huge number of Syrian refugees hosted in the country. However, GDP undergoes a period of weak growth.
FDI inflows in Brazil slid in both August and year-to-date, but it’s still enough to finance the current account deficit.
With the dollar appreciation, Brazilian expenses in international travels dropped by 7.33% in February, down to USD 1.3 billion.
Deficit in Brazil’s current transactions stood at USD 6.5 billion in the first month of the year, more than in January 2018.
Number is two times the one registered in 2017. Foreign direct investments reached USD 88.3 billion, more than enough to finance the negative balance in current account.
