The stampede of foreign capital in Brazil continues at an accelerated pace, reflecting the growing distrust of investors in emerging markets amid the Covid-19 pandemic, caused by the new coronavirus.
According to data from the Central Bank on exchange rate flow released this Wednesday (04/01), the net outflow of resources from the country totaled US $ 10.8 billion accumulated since the beginning of the year until the last 27, registering a jump of 145% over $ 4.4 billion in the same period in 2019.
Only the net outflow of financial capital this year totaled US $ 24.2 billion up to March 27. This result was partially offset by the balance of foreign trade, which was positive at US $ 13.4 billion, due to exports of US $ 52.2 billion against US $ 38.8 billion in imports in the same period.
In fact, the BC reduced the expectation of direct investment in the country (IDP) from US $ 80 billion to US $ 60 billion for the year.