Current account deficit drops as global tensions rise
Published on Monday, November 21, 2011
Current account deficit drops as global tensions rise
Summary
Recent financial turbulences drove prices of Brazilian exports down and made the real weaker. As a consequence of the former, the trade surplus has been declining. As a result of the former, both income and service deficits have been trending down.
Geographies
- Geography Tags
- Brazil
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
BBVA Research
BBVA Research