NO CAUSE FOR CONCERN

Finweek English Edition - - ECONOMIC TRENDS -

SA’s cur­rent ac­count deficit – the trade bal­ance less net pay­ments for “in­vis­i­bles” – widened to 3,1% of gross do­mes­tic prod­uct in first quar­ter 2011 from 1% in fourth quar­ter 2010. At those lev­els there’s not yet cause for concern. Stan­lib’s Kevin Lings says SA’s im­port in­ten­sity is likely to rise as do­mes­tic ex­pen­di­ture im­proves, which im­plies in­creased pres­sure over the next year.

Cur­rent ac­count as % of GDP

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