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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