Financial and Banking News

INVESTMENT ACTIVITIES

OPEC Current Account Continues to Deteriorate 

The aggregate current account of OPEC member states continued to deteriorate during the first quarter of 1985, according to estimates published by the Bank of England in the September issue of its Quarterly Bulletin. The Bank of England has suggested that a $0.5bn deficit became apparent during the last quarter of 1984, and that this widened to $1bn during the first quarter of 1985. For...