Geopolitics

Brazil posts first January trade deficit in five years

Brazil posted a trade deficit of $1.745 billion in January, the first shortfall for the month of January in five years ($3.185 billion in 2015), and an indication that trade might continue to be a drag on overall economic growth. The setback was fuelled more by a sharp fall in export, which were 20% down to $14.43 billion from the same month last year, rather than imports, which also fell 1.3% to $16.175 billion, Economy Ministry figures show.

Source: Brasil 247