Eu­ro­zone trade deficit wors­ens

The Pak Banker - - International3 -

FRANK­FURT: The eu­ro­zone's bal­ance of pay­ments wors­ened slightly to a deficit of 9.8 bil­lion eu­ros (12.9 bil­lion dol­lars) in Oc­to­ber, the Euro­pean Cen­tral Bank said on Mon­day. The bal­ance of pay­ments, which in­cludes pay­ments for im­ports and ex­ports of trade in goods and ser­vices, is a closely tracked in­di­ca­tor of a coun­try's or area's abil­ity to pay its way in the world.

It is cru­cial for the longterm con­fi­dence of in­vestors and trad­ing part­ners. -Afp

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.