Brazil's current account is at its best level since 2006, economist says: 'It will be the Switzerland of Latin America'

“The massive increase in the trade surplus will, in the medium term, turn Brazil into an anomaly in Latin America: a country with a current account surplus,” Robin Brooks said.

Robin Brooks (wearing glasses), Luiz Inacio Lula da Silva (red tie), and Fernando Haddad

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Sputnik Brazil – Brazil's current balance is at its best level since 2006, said Robin Brooks, chief economist at the International Institute of Finance (IFF) and former head of foreign exchange investments at Goldman Sachs.

“The massive increase in the trade surplus will, in the medium term, turn Brazil into an anomaly in Latin America: a country with a current account surplus. Brazil will one day be the Switzerland of Latin America.” He said In your account with

Brooks is known on social media for his optimistic predictions about Brazil, and is nicknamed “Goldman's bald man” due to his former work at the investment bank. A graduate of renowned institutions such as the London School of Economics and Yale University, Brooks has a special interest in the Brazilian economy. Brooks was also active in the International Monetary Fund (IMF), and was one of those responsible for creating the fair value model for currencies.

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