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LatinNews Regional Monitor: Brazil & Southern Cone - 29 January 2019

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In brief: Brazil

* Brazil’s central bank (BCB) has released the latest balance of payment figures which show that the country’s current account deficit doubled in 2018 to a total of US$14.5bn, equivalent to 0.77% of GDP. The 2017 current account deficit totalled US$7.2bn. Increased foreign direct investment (FDI) has helped offset the current account deficit. FDI flows to Brazil totalled US$88.3bn in 2018, equivalent to 4.7% of GDP, the highest share of GDP since June 2001, according to the BCB.