‘Zimbabwe’s current account to narrow to 1,5pct’

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ZIMBABWE’S current account surplus is likely to narrow to 1,5 percent of GDP in 2022 from 4,8 percent in 2020, as demand for consumer and industrial imports strengthens, amid an uptick in economic activity, Fitch Solutions (Fitch) has said.

The current account balance is one of two major measures of a country’s foreign trade. A surplus indicates that the value of a country’s net foreign assets grew over the period in question, while a deficit indicates that it shrank.