LatinNews Regional Monitor: Brazil & Southern Cone - 26 November 2019

* Brazil’s central bank (BCB) has released the latest balance of payment figures which show that the country’s current account deficit has widened. The current account deficit totalled US$7.9bn in October 2019, up from US$2bn in October 2018. In the 12 months to October, the current account deficit totalled US$54.8bn, up from US$48.9bn in the 12 months to September. The increased deficit is principally due to a decrease in Brazil’s trade balance of goods, with goods exports falling 16.5% in October 2019 compared with October 2018 (totalling US$18.3bn), while imports rose 7.5% (totalling a value of US$17.8bn).

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