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By Jay Forte, Contributing Reporter

RIO DE JANEIRO, BRAZIL - The Central Bank (CB) of Brazil expects a larger deficit in foreign accounts this year. The estimate, released today (March 24th), of the negative balance of current transactions, which are the purchases and sales of goods and services and income transfers from the country to the world, rose from US$28 billion to US$30 billion.

This amount will correspond to 1.45 percent of Gross Domestic Product (GDP), the sum of all goods and services produced in the country. In the first two months of this year, the deficit was . . .

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