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Brazil achieves its first half-year surplus in its external accounts in ten years

Brazil obtained in the first half of 2017 a surplus of 750 million dollars in its foreign transactions, the first positive balance for the period in the last ten years, The Central Bank reported today.

Rio de Janeiro, July 21 (EFE) .- In the first half of 2017, Brazil obtained a surplus of US $ 750 million in foreign transactions, the first positive balance for the The current account surplus in the first six months of this year contrasted with the deficit of the first half of the year. 2016, when Brazil's foreign expenses exceeded the country's foreign exchange earnings by $ 8,487 million.

The positive balance in transactions with the outside in what goes Of the year was driven mainly by the Brazilian trade balance, which in the first half of this year reached a record surplus of US $ 36,219 million, a value of 53.1% Higher than in the same period of 2016.

The trade surplus offset the outflow of resources in the balance of services and financial services in the first half of the year. A six-month, half-yearly surplus in June ($ 1.330 billion), the fourth consecutive year this year and the highest for this month since 2004. In June last year Brazil recorded a current account deficit of $ 2.489 billion.

The numbers of the external accounts in the semester reflect the incipient recovery of the economy Brazilian economy in 2017 after two years of deep recession.

Brazil's economy shrank by 3.8% in 2015, its worst result in 25 years, and another 3.6% in 2016, Consecutive negative growth for the first time since the 1930s.

The Central Bank also reported that foreign direct investment in Brazil rose from 33,840 Million dollars in the first half of 2016 to 36.27 billion dollars in the first six months of 2017.

The value reinforces the Brazilian Government's forecast that The country will obtain $ 75 billion in productive investment from foreigners this year.

As the issuing agency anticipates that the current account balance Deteriorate in the second quarter and that Brazil will end the year with a negative balance of 24,000 million in its foreign transactions, foreign investment will be enough to To finance this deficit.

The negative balance foreseen for this year is close to the current account deficit of US $ 23.5 billion recorded by Brazil in 2016, Best balance in ten years.

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