Brazil Flash: ”Current account deficit to near 3.0% in 2012 after closing 2011 at 2.1% of GDP”

Summary

Current account deficit closed 2011 at 2.1% of GDP, not very far from the 2.2% deficit observed in 2010 as very positive terms of trade drove trade balance up and offset the negative impact of a strong domestic demand and an appreciated exchange rate.

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