n Emergency Services SA - Stop the trade deficit fire before it spreads : president's comment

Volume 27, Issue 5
  • ISSN :


Extracted from text ... ESSA SEPTEMBER / OCTOBER 2006 - 5 Stop the trade deficit fire before it spreads The record trade deficit reported by the South African Revenue Service seems to be a severe reversal from the previous month's recovery, to a R4-billion shortfall. The deficit has dashed hopes for a major improvement in the current account, a broad measure of trade in goods and services. It is the biggest deficit in 24 years, at 6.4% of gross domestic product in the first quarter of this year. The latest trade statistics brought the cumulative deficit for the year to date to a staggering ..

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