(Reuters) - South Africa's current account deficit narrowed to 7.0 percent of gross domestic product (GDP) in the first quarter of 2007 as lower oil imports offset a decrease in mine exports, the central bank said on Thursday.
The shortfall compared with a 7.8 percent deficit in the fourth quarter of 2006 and 5.7 percent in the third quarter.
Read more at Reuters Africa
The shortfall compared with a 7.8 percent deficit in the fourth quarter of 2006 and 5.7 percent in the third quarter.
Read more at Reuters Africa
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