* Brazil’s central bank (BCB) has released the latest figures for the country’s balance of payments, which showed a current account deficit of US$230m in October, down from the US$1.4bn deficit registered the previous month and from the US$5.8bn deficit from October 2022. The accumulated deficit in the 12 months until October came to US$34.0bn (1.62% of GDP), down from the US$56.7bn (3.04% of GDP) registered in the 12 months until October 2022. The trade balance of goods this October showed a surplus of US$7.4bn, up year-on-year from US$2.0bn. However, foreign direct investment (FDI) saw monthly and yearly decreases, registering US$3.3bn, down from the US$3.8bn the previous month and from the US$5.8bn from last October.
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LatinNews Daily - 05 December 2023
In brief: Brazil’s current account deficit sees monthly decrease
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