SARB's Quarterly Bulletin, September 2006

The South African Reserve Bank published its September 2006 Quarterly Bulletin on 21 September. According to the latest Bulletin, South Africa's current account deficit declined marginally from 6.4% of GDP in the first quarter to 6.1% in the second quarter.

In value terms the shortfall amounted to R101.7 billion compared with the first quarter record R103.1 billion. This, while real final consumption expenditure by households expanded robustly in the second quarter from 7 to 8%. It is the highest

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