Current account deficit narrows more than forecast
08 June 2023 - 12:59
UPDATED 08 June 2023 - 21:30
SA’s current account “surprised” in the first quarter, narrowing by more than expectations on the back of strong exports, reflecting a wider trade surplus as the value of exports accelerated at a faster pace than that of imports.
The SA Reserve Bank data released on Thursday showed the first quarter current account deficit narrowed to R66.2bn, equal to 1% of GDP, from a revised shortfall of R155bn, or 2.3% of GDP, the previous quarter...
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