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South Africa records a 400mn rand trade deficit in July JOHANNESBURG: South Africa recorded a trade deficit of 0.4 billion rand ($30 million) in July from a revised surplus of 5.5 billion rand in June, the national revenue agency said on Monday. Exports increased by 4.7 percent to 94.2 billion rand, while imports were up 12.0 percent to 94.6 billion rand on a month-on-month basis, the South African Revenue Service said. Copyright Reuters, 2015

Canada Q2 current account deficit narrows to C$17.40 billion OTTAWA: Canada's current account deficit narrowed slightly in the second quarter of 2015 to C$17.40 billion ($13.18 billion) on more favorable trade in goods and services, Statistics Canada said on Monday. The deficit was greater than the C$16.90 billion shortfall predicted by analysts. Statscan revised the first quarter deficit up to C$18.15 billion - the second highest on record - from an initial C$17.47 billion. A strong gain in exports in June helped trim the ...

India's economy grew by 7.0pc in first quarter NEW DELHI: India's economy grew by a slower than expected 7.0 percent in the first quarter of this financial year, the government said Monday.Growth in the three months to June slowed to 7.0 percent from 7.5 percent in the previous quarter, figures from the statistics ministry showed.Copyright AFP (Agence France-Presse), 2015

Greek retail sales dip 0.4 pct in June ATHENS: Greek retail sales by volume slipped 0.4 percent in June compared to the same month a year earlier, led lower by pharmaceuticals, cosmetics and furniture sectors, statistics service ELSTAT said on Monday.Data on gross domestic product released last week showed resilience in Greek consumer spending, which rose 1.1 percent in the second quarter and helped the economy expand by 0.9 percent.Sales volumes had risen for five months in a row through to October 2014 ...

Portugal Q2 GDP expands 0.4pc from previous quarter LISBON: Portugal's economy grew 0.4 percent in the second quarter of 2015, driven by domestic consumption, the National Statistics Institute (INE) said on Monday. In its second reading of first quarter gross domestic, INE also said GDP expanded 1.5 percent year-on-year, the same as in the previous quarter. Both the quarterly and yearly growth rates were unchanged from INE's first estimates. GDP expanded 0.9 percent last year and the government has forecast that it will ...

Portugal July unemployment falls to 12.1pc LISBON: Portugal's unemployment rate fell to 12.1 percent in July from 12.3 percent in June, data from the National Statistics Institute (INE) showed on Monday. The unemployment level in June was revised lower from 12.4 percent. In July 2014 unemployment stood at 14.1 percent. According to the monthly unemployment data introduced by INE last year, the youth unemployment rate of those aged 15 to 24 fell to 31.0 percent from 31.6 percent. The total number ...

Kenya inflation falls to 5.84pc year-on-year in August NAIROBI: A fall in Kenyan food prices slowed inflation to 5.84 percent year-on-year in August from 6.62 percent in the previous month, the statistics office said on Monday. Kenya's food and non-alcoholic drinks segment, which accounts for more than a third of the index, decreased by 0.26 percent between July and August, as favourable weather conditions pushed down the cost of food, the Kenya National Bureau of Statistics (KNBS) said in a statement. But other ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln