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Latin America Update

Latin America Update

Worrying signs from Brazil's current account

The fact Brazil is spending its windfall from higher commodity prices – plus more – is good news for the global economy, but carries significant risks for the country itself. In particular, it means that a substantial drop in commodity prices would bring an abrupt end to the current boom in domestic demand.

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This article is tagged with the following subjects: Balance of Payments, Brazil, Latin America, Macro-economics, Trade
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