Macroeconomic Forecast Brazil

July 2007 | Macroeconomic Forecasts

Data released in early July put Brazil's H107 trade surplus at US$20.6bn, a 5.6% y-o-y rise. We are continuing to pencil in US$42bn trade surplus this year, which is roughly in line with the H107 pace, but there is even the chance that it could exceed last year's US$46bn outturn. As the accompanying chart shows, the 12-month trailing trade surplus (which peaked at US$47.6bn in May) has mirrored the appreciation of the

If you would like to subscribe to Brazil Monitor and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Brazil Monitor please click on the trial link below.