NO. 20


Financial and Banking News

Budgets & Revenues

Bank of England Sees OPEC Surplus in 1989

Estimates published by the Bank of England in the February issue of itsQuarterly Bulletin indicate that OPEC's aggregate current account has recordeda surplus of $1.7bn during the first nine months of 1989, compared with adeficit of $16.2bn during the equivalent period of 1988. This is the first OPECsurplus measured by the Bank of England since 1985. The estimated OPEC...