23-Sep-2010 1:14 PM

South Africa's current account deficit narrows to lowest since 1Q2004

South Africa's Reserve Bank stated (22-Sep-2010) the nation's current account deficit narrowed to the lowest in more than six years in 2Q2010 as exports of commodities and automobiles recovered and the 2010 Soccer World Cup raised tourist receipts. The shortfall on the current account eased to 2.5% of GDP from 4.6% in 1Q2010, to reach the lowest level since 1Q2004.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More