Brazil posted a current account deficit in July of $4.43 billion, the fourth monthly deficit in a row, as the nation’s trade surplus shrank, the Central Bank said Monday. The current account deficit was smaller in July of 2017 at $3.4 billion. The trade surplus in July of last year was a whopping $6.1 billion. The trade surplus in July of 2018 was only $3.9 billion. The trade surplus has been shrinking this year due to rising imports in a recovering economy. Foreign direct investment in July was a healthy $3.9 billion for a 12-month figure of $64.2 billion, far outstripping the 12-month current account deficit of just $15 billion.
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