South African current account “not nearly as bad” as three years ago: IMF economist

Visitors are silhouetted against the logo of the International Monetary Fund at the main venue for the IMF and World Bank annual meeting in Tokyo, file. REUTERS/Kim Kyung-Hoon
Social sharing

PRETORIA (Reuters) – South Africa’s current account deficit is “not nearly as bad” as when it was considered part of the so-called “fragile five”, International Monetary Fund chief economist Maurice Obstfeld said on Thursday.

South Africa was one of five countries including Turkey, Brazil, India and Indonesia that got their name in 2013 when hints emerged that the U.S. Federal Reserve would end its easy-money policy.

(Reporting by TJ Strydom; Editing by


Leave your comment on this post
READ ALSO  Rep withdraws from 2019 race because Nigerians see National Assembly members as thieves, looters
About 9News Nigeria 11285 Articles
9News Nigeria is Nigeria's favourite news source. For Authentic, Unbiased News on Politics, Business, Sports, Technology, Entertainment and Lifestyles, Health, Nollywood, Crime and Investigations, Family and Relationships, Inspirations .. and much more. For Latest News from Africa and around the world, 9News Nigeria is your best source. WhatsApp +2348115805632 Email: Facebook: | Twitter/Instagram: @9newsng

Be the first to comment

Leave your comment