Current Account: Temporary Relief Due to the World Cup

BRAZIL ECONOMICS - Report 28 Jul 2014 by Affonso Pastore, Cristina Pinotti and Marcelo Gazzano

The balance of payments accumulated over the past 12 months in June showed the smallest deficit since September last year, -US$ 5.2 billion, a result a small dip in the current account deficit to US$ 81 billion and an increase in the surplus in the financial capital account to US$ 76 billion (Graph 1).

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