Brazil Forecasts Wider Current Account Gap on Stronger Real

Brazil’s central bank increased its forecast for this year’s current account gap as a stronger currency weighs on the country’s trade surplus and the economy begins to recover.

The deficit in the current account, the broadest measure of trade in goods and services, was forecast at $18 billion this year, wider than the $15 billion gap seen in June. The estimate for foreign direct investment into the country remained at $70 billion.

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