1945

The positive international economic climate engendered a substantial improvement on the external front regionwide, although results in individual countries varied. External trade was very buoyant in 2000, and the region's chronic balance-of-payments current-account deficit decreased for the second straight year, falling to just over half the 1998 figure, or 2.4% of GDP. Although financial flows remained volatile, the current-account improvement was accompanied by a strengthening of the capital and financial account, basically thanks to a revival of capital inflows into Brazil.

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