Among the factors that contributed to this increase are the drop in trade balance and the remittance of profits abroad, which further pressured the values
The central bank of the recently reported that the country’s external accounts recorded a deficit of almost $ 3 billion in May. This value represents the largest negative balance for the month since 2022, showing an increase of 16% over the same period last year. Among the factors that contributed to this increase are the drop in trade balance and the remittance of profits abroad, which further pressured Brazilian external accounts.
In the accumulated of the last 12 months, the deficit of current transactions in Brazil already reaches the mark of 69 billion and $ 400 million, which corresponds to 3.26% of Gross Domestic Product (GDP). This scenario worries economists and authorities, as a high deficit can signal weaknesses in the country’s economy, making it more vulnerable to external shocks. However, there is a positive point: direct investment in the country totaled $ 3.7 billion in May, which helped repay part of the losses recorded in external accounts.
With information from Aline Becketty
*Report produced with the aid of AI
