Brazil current account deficit 0.65% of GDP, smallest in 13 years
BRASILIA (Reuters) – Brazil’s current account deficit in the year to January as a share of the overall economy shrank to its smallest in 13 years, official figures showed on Wednesday, thanks mainly to a decline in the primary income and services deficits in the month.
The current account deficit of 0.65% of gross domestic product in the 12 months to January was down from 0.87% the previous month and the smallest since February, 2008, central bank figures showed.
By Jamie McGeever via Reuters