Beverly Hills 12/18/2009 4:43:47 AM
News / Business

Brazil’s Central Bank Revises Forecasts, Worsens 2010 Outlook for Current Account Deficit

Finance World News Update by EQUITIES Magazine

Today the Central Bank of Brazil said, in the wake of the continued deterioration of the country’s current account deficit, it had revised its forecasts for 2010 to show an even wider current account deficit than previously expected.

 

The new forecast for 2010 is for a current account deficit of $40 billion compared to a previous forecast of $29 billion. The bank revised its forecast for a 2009 current account deficit of $22 billion from its previous forecast of $18 billion.

 

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