When the central bank published the balance of payments statistics for the second quarter almost three months ago, it reported that direct foreign investment (DFI) totaled US$9.98 billion in the first six months of the year. Now, the Ministry of the Economy tells us that DFI in the first nine months of 2009 totaled US$9.75 billion.
Was there an outflow of DFI in the third quarter? Was DFI "overcounted" or double counted in the first part of the year?
Remember what a surprise the second quarter numbers brought? In May, DFI in the first quarter was reported to be US$2.66 billion. Three months later, when the second quarter numbers were published, DFI in the first quarter was revised: what had been US$2.66 billion more than doubled, to US$5.53 billion. Will the third quarter figures contain downward revisions for the first half of the year?
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