Firm sees rising current account deficit | The Times Group: "Firm sees rising current account deficit
Posted By: William Kumwembeon: May 16, 2018In: BusinessNo Comments
Investment management and advisory firm, Nico Asset Managers, says it expects Malawi’s current account deficit to rise to 14.5 percent of the Gross Domestic Product (GDP) in 2018, from 12.5 percent in 2017.
A current account deficit is a measurement of a country’s trade where the value of goods and services it imports exceeds the value of goods and services it exports.
The anticipated rise in current account deficit comes as the performance of the country’s exports is projected to be hindered by unfavourable weather conditions, infrastructure challenges, lack of finance for farmers and low agricultural technology."
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Posted By: William Kumwembeon: May 16, 2018In: BusinessNo Comments
Investment management and advisory firm, Nico Asset Managers, says it expects Malawi’s current account deficit to rise to 14.5 percent of the Gross Domestic Product (GDP) in 2018, from 12.5 percent in 2017.
A current account deficit is a measurement of a country’s trade where the value of goods and services it imports exceeds the value of goods and services it exports.
The anticipated rise in current account deficit comes as the performance of the country’s exports is projected to be hindered by unfavourable weather conditions, infrastructure challenges, lack of finance for farmers and low agricultural technology."
'via Blog this'
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