Financial and Banking News


OPEC Deficits Persist 

The aggregate current account of the OPEC states, which at the end of 1983 approached a rough balance, returned to deficit during the first quarter of 1984, according to figures published in the September issue of the Bank of England's Quarterly Bulletin. These indicate that after registering deficits of $13-14bn annually during the last two years, the oil exporters' aggregate current account was some...