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Brazil posts April current account gap of $5.4 bln
May 24, 2012 / 1:35 PM / 5 years ago

Brazil posts April current account gap of $5.4 bln

BRASILIA, May 24 (Reuters) - Brazil posted a current account deficit of $5.403 billion in April, central bank data showed on Thursday, larger than analysts’ expectations.

The country had been expected to post a deficit of $4.15 billion, according to the median forecast of 10 analysts in a Reuters survey. The forecasts for the deficit ranged from $2.5 billion to $5.2 billion.

Brazil’s current account deficit in March was $3.32 billion, the central bank said last month.

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