(Bloomberg) -- South Africa's current account
deficit narrowed less than expected in the first quarter,
reaching 7 percent of gross domestic product, threatening to
undermine the rand.
The shortfall in the trade of goods and services abroad
narrowed from 7.8 percent of GDP in the fourth quarter, the
Pretoria-based central bank said in its Quarterly Bulletin
today. The gap was expected to reach 6.6 percent, according to
the median estimate of 12 economists surveyed by Bloomberg.
Read more at Bloomberg Emerging Markets News
deficit narrowed less than expected in the first quarter,
reaching 7 percent of gross domestic product, threatening to
undermine the rand.
The shortfall in the trade of goods and services abroad
narrowed from 7.8 percent of GDP in the fourth quarter, the
Pretoria-based central bank said in its Quarterly Bulletin
today. The gap was expected to reach 6.6 percent, according to
the median estimate of 12 economists surveyed by Bloomberg.
Read more at Bloomberg Emerging Markets News
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