Key Points 1. Brazil’s November current-account deficit was $4.943B, slightly smaller than October’s $5.121B. 2. The gap was fully covered by $9.8B in foreign direct investment, while portfolio flows were negative at -$2.7B. 3. The country’s recurring drains remain services (-$4.5B) and income sent abroad (-$6.2B), even with a trade surplus. Brazil posted a smaller […]