Let's cut to the chase right away:
- Current account is shrinking faster than you can say current (see picture below).
- The mystery of the UFOs (i.e. net errors and omissions) continues after a one-month pause (see picture below).
- Tourism held out well in May, as hinted by the arrivals figures.
- On the capital account front, portfolio flows took up the slack from dismal FDI and corporate borrowing (rollover at 60%), but we already knew this from the CBT weekly bulletins.
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2 comments:
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Rather nice blog you've got here. Thanx for it. I like such themes and everything connected to them. I would like to read a bit more on that blog soon.
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