LatAm Daily | Brazil’s current account continued to improve in May

In Brazil, the 12-month current account deficit decreased from 2.0% of GDP in April to 1.7% in May. FDI remained relatively high (4.6% of GDP YoY). Thanks to the better-than-expected figures of recent months, we should soon undertake a downward revision of our forecast for the current account deficit in 2016 (currently at 2.0% of GDP).

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