Financial and Banking News
BUDGETS AND REVENUES
OPEC Current Account Deficit Declines during 1987
According to estimates published by the Bank of England in the February issueof its Quarterly Bulletin, the current account deficit of oil exportingcountries declined during 1987. The deficit for the third quarter was estimatedat $4.1bn, which represented its fourth successive quarterly decline, while thefirst quarter 1987 deficit was estimated at $8bn and the second...