Brazil Economic Watch: ”Stable current account deficit”

The current account deficit reached 2.29% of GDP in May, within the 2.20%-2.30% range it has been since August of 2010. FDI and overall capital inflows eased in May, but remained at high levels. Total external debt reached 12.8% of GDP, which is still less than the total international reserves owned by the country (15.0% of GDP).

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