May 24, 2012

Fly away

Parece que el dinero vuelve a casa...

...investors made net withdrawals of $2.4 billion dollars from Brazilian investments during the period May 1 through May 11, according to Brazilian Central Bank figures released Wednesday. The figures represented a significant speed up in withdrawal of capital from Brazil. During the entire calendar month of April, net withdrawals totaled only $939 million. 


Brazil's foreign trade accounts, on the other hand, brought in a significant net volume of dollars. Net trade inflows for the period May 1 through May 11 were $1.8 billion--but there was still a shortfall of $639 million.

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