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What is Q4 2019 Balance of Payments Analysis about?

The balance of payments position registered a lower surplus of $2.3 billion in Q4 2019 compared to $2.8 billion in the same period of 2018. This was due to a decline in net financial inflows despite the current account reversing to a surplus. The current account surplus of $748 million was attributed to a narrowing trade in goods deficit from falling imports and rising exports. Exports grew 8.8% to $13.6 billion from improved demand from trade partners, while imports declined 6.3% to $25 billion mainly from

Author

Hikki Tori

Language

EN