Brazil's current account gap widens in October to $5.4 bln

BRASILIA Thu Nov 22, 2012 11:38am EST

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BRASILIA Nov 22 (Reuters) - Brazil posted a current account deficit of $5.431 billion in October, central bank data showed on Thursday, larger than forecast.

The country had been expected to post a deficit of $4.8 billion, according to the median forecast of 17 analysts in a Reuters survey. The forecasts for the deficit ranged from $3.7 billion to $6.5 billion.

Brazil's current account deficit in September was $2.6 billion, the central bank said last month.

Foreign direct investment in Latin America's largest economy was $7.7 billion in October, up from $4.4 billion in September and more than the expected $6 billion.

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