Higher mineral exports mitigate current account balance
Published on: Thursday 06 October 2022
Namibia’s current account shortfall narrowed in the second quarter of 2022 as increased fuel imports were mitigated by higher mineral exports and travel services earnings.According to the Bank of Namibia, the current account deficit tapered to N$438 million in the period under review from N$485 million in the first quarter of 2022.The goods trade deficit narrowed to N$633 million from a deficit of N$666 million in the first quarter. Export...
News source: https://www.msn.com/en-xl/africa/other/higher-mineral-exports-mitigate-current-account-balance/ar-AA12Jd6A
