South Africa Q2 current account deficit narrows to 3.3 pct/GDP – c.bank

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PRETORIA (Reuters) – South Africa’s current account deficit narrowed to 3.3 percent of gross domestic product (GDP) in the second quarter, from a revised 4.6 percent of GDP in the first quarter, central bank data showed on Thursday.

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The figure was slightly lower than the 3.4 percent deficit analysts polled by Reuters had expected, a boost for the South African economy after data this week showed the economy slipped into recession for the first time since 2009. [nL8N1VQ25G]

Reporting by Mfuneko Toyana; Writing by Alexander Winning; Editing by James Macharia

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