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Brazil May current account deficit at $4.1bn

BRASILIA : Brazil posted a current account deficit of $4.1 billion in May, the central bank said on Monday. The cou

Published June 27, 2011 Updated June 27, 2011 07:43pm

1 min

By Imad Uddin

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The country had been expected to post a deficit of $3.8 billion, according to the median forecast of 11 analysts in a Reuters survey. The forecasts for the deficit ranged from $2.2 billion to $4.2 billion.

Brazil's current account deficit in April was $3.5 billion, the central bank said last month.

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