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...
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