BC downgrades current account deficit projection in 2024 to  billion, from  billion deficit

BC downgrades current account deficit projection in 2024 to $53 billion, from $48 billion deficit

This Thursday the Central Bank worsened its estimate of the result of current transactions this year, recording a negative balance of 53 billion dollars, compared to the deficit of 48 billion dollars forecast in March.

In its quarterly inflation report, released this Thursday, the BC lowered the outlook for in-country direct investment (IDP) in 2024 to $65 billion, from $70 billion previously.

According to BC accounts, the trade balance will record a surplus of $59 billion this year, the same estimate as in March. Net travel spending, in turn, was estimated at $9 billion, up from a projection of $12 billion made in March.

Source: Terra

You may also like