LatinNews Regional Monitor: Brazil & Southern Cone - 25 October 2019

* Brazil’s central bank (BCB) has released its latest balance of payments figures, which show that Brazil’s current account deficit rose to 2.05% of GDP (US$34.7bn) in the 12 months to September 2019, up from 1.86% in the previous 12 months to August. The current account deficit totalled US$3.5bn in September this year, a huge increase on the US$194m deficit in September 2018, largely attributed to a shrinking trade surplus due to falling exports. Important flows of foreign direct investments (FDI), which totalled US$6.3bn to Brazil in September, also contributed to the widening of the current account deficit.

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