Latin America round-up

04/04/2006 | Emerging Markets Reporters

Brazil hits new export record, Chile’s current account deficit widens

Brazilian exports in March jumped to an all-time high of $11.4 billion. Imports of $7.7 billion left a trade surplus of $3.7 billion.

Chile’s current account deficit climbed to 1.6% of GDP in 2005 ($1.9 billion) from 1% of GDP in 2004 as interest payments increased and more dividends were repatriated. The deficit will continue to widen, swelling to 1.7% of GDP in 2006, according to Credit Suisse analyst Carola Sandy.

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