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Trade+deficit+narrows+in+first+nine+months
Monday, 17 November 2014 - 7:54
Trade deficit narrows in first nine months
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The external sector sustained its growth momentum with expanding external trade activities in September 2014.

Since July 2014, the expenditure on imports continued to rise reflecting the rebound of investment goods imports in particular.

As the cumulative earnings on exports outweighed the cumulative expenditure on imports, the trade deficit during the first nine months of 2014 narrowed, while tourist earnings and workers' remittances continued to be stable sources of inflows improving the current account of the BOP.
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