Indonesia’s Q1 c/a deficit narrows, BoP swings to $8.5 billion deficit

21-May-2020 Intellasia | Reuters | 6:02 AM Print This Post

Indonesia’s current account deficit narrowed in the first quarter to $3.9 billion or 1.4 percent of gross domestic product, from 2.8 percent the previous quarter, as imports fell and the deficit in services shrank, the central bank said on Wednesday.

The country’s financial and capital accounts had a $2.9 billion deficit in January-March, compared with the previous three month’s $12.6 billion surplus, due to portfolio outflows related to the COVID-19 pandemic, Bank Indonesia said.

The balance of payments had a $8.5 billion deficit in the first quarter, following a $4.3 billion surplus in the fourth quarter, it said. billion-deficit-idUSJ9N2AX020


Category: Indonesia

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