Current Account Deficit Eases in Q2 2016

SOUTH AFRICA - Report 13 Sep 2016 by Iraj Abedian

Just as the market expected, the deficit on the current account narrowed in the second quarter of 2016. Expressed as a percentage of gross domestic product (GDP), the deficit on the current account eased to 3.1% in Q2 2016, from an upwardly adjusted 5.3% (previously 5%) in Q1 2016.

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