Tue Aug 23 2016

Rachel Long (496 articles)

Economy

Brazil : External deficit widens to $4 bln in July

BRASILIA : Brazil’s current account deficit widened in July to $ 4.050 billion, central bank data showed on Tuesday, a bigger shortfall than expected by economists in a Reuters poll.

The country attracted $ 78 million in foreign direct investment in July, contrary to forecasts in a Reuters poll for an outflow of $ 500 million.

Brazil posted a current account surplus of $ 2.479 billion in June, and a deficit of $ 5.864 billion in July 2015. The market expected a shortfall of $ 3.6 billion for July.

Rachel Long

Rachel Long is our Desk Correspondent covering Stock Markets across the globe. She is based in New York