Dissect Brazil Trade Balance
The Brazilian currency has lost a third of its value this year, and economists expect gross domestic product to shrink 3% in 2015. Brazil Trade Balance, an important component of the current accounts, is improving. It is now one of the rare positive sign for Brazil’s troubled economy.
From the $4 billion deficit in 2014, Brazil reached a surplus of $8 billion in the last quarter.
Sudamerico […]