Brazil - U.S. Business Council

  • About
    • Leadership
    • Meet the Team
    • BUSBC Policy Agenda
    • Events
  • Policy Agenda
  • Newsroom
    • Publications
    • Photo Gallery
  • Membership
    • Member Companies
    • Sponsorships
  • DID Member Login

Brazil posts July current account gap, FDI falls sharply

August 23, 2016 by

Brazil posted a July current account deficit of $4.1 billion, up from $2.5 billion the previous month, the Central Bank said Tuesday. In a further disappointment, net foreign direct investment fell to a miniscule $78 million, down sharply from $3.9 billion in June. FDI declined mainly because of rising disinvestment by multinational companies, the Central Bank said. The July current account deficit widened on high debt-service costs and continued profit and dividend remittances by multinational companies. The 12-month current account gap, however, narrowed somewhat because of a low basis of comparison from 2015. As of July, the 12-month figure was $27.9 billion, down from $29.4 billion as of June.

Link to Central Bank release

More Testimonials

Filed Under: Brazil News

Brazil In The News

Brazil-U.S. Business Council

View All Brazil News Alerts

Connect With Us

Brazil-U.S. Business Council
1615 H Street NW
Washington, DC 20062

Phone: 202-463-5729
Email: brazilcouncil@uschamber.com

  • Facebook
  • LinkedIn
  • Twitter
Copyright © 2021 | Brazil-U.S. Business Council | Privacy Policy