January 26, 2018 / 12:46 PM / 9 months ago

Brazil 2017 current account deficit shrinks to 10-year low

BRASILIA, Jan 26 (Reuters) - Brazil’s current account deficit shrank in 2017 to the smallest in a decade, supporting the nation’s recovery from the deepest recession in three decades.

The current account deficit ended 2017 at $9.762 billion, central bank data showed on Friday, capped by a $4.327 billion December deficit. Economists polled by Reuters had expected a $4.050 billion deficit in the last month of the year, according to the median forecast in a Reuters poll. (Reporting by Bruno Federowski)

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