Brazil predicts sharp drop in FDI

Brazil predicts sharp drop in FDI

Funds Asset Management Bonds Debt Capital Markets Economy & Policy Debenture Fixed Income Equity Regulation Coronavirus Brazil Latin America

Brazil's central bank expects foreign direct investment (FDI) to fall to $1.5 billion April from $7.6 billion in March, it said in a report on Friday, as the effects of the coronavirus pandemic continue to hurt the economy. While FDI managed to grow in March, up from $4.8 billion in the same month last year, net portfolio investment recorded an outflow of $22.2 billion last month, a sharp reversal from an inflow of $10.5 billion in the first quarter last year, according to the central bank. Marc

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