LatAm Daily | Brazilian CA deficit falls to 4.2% of GDP; we expect 3.9% for the year end

Summary

Brazilian FDI accumulates half of the figure recorded in September last year. We expect the exchange rate depreciation and the contraction in domestic demand to continue to favour a reduction of the current account deficit. Today, August IGAE will be released in Mexico. It is expected to be in line with the annual rate of GDP growth of 2.5%.

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