{"id":3794,"date":"2019-07-16T10:49:41","date_gmt":"2019-07-16T10:49:41","guid":{"rendered":"https:\/\/africasustainabilitymatters.com\/?p=3794"},"modified":"2026-01-11T05:30:25","modified_gmt":"2026-01-11T05:30:25","slug":"current-account-deficit-narrows-to-four-year-low","status":"publish","type":"post","link":"https:\/\/rayscohosting.best\/ASM\/2019\/07\/16\/current-account-deficit-narrows-to-four-year-low\/","title":{"rendered":"Current Account Deficit Narrows To Four-Year Low"},"content":{"rendered":"\n<p><strong>BY Dominic Omondi <\/strong><\/p>\n\n\n\n<p>Improved exports, diaspora\nand tourism earnings have helped narrow the country\u2019s current account deficit\nto a four-year low, new data shows.<\/p>\n\n\n\n<p>According\nto the&nbsp;Central Bank of Kenya weekly bulletin, the current account deficit\n&#8211; the difference between what the country pays out and what it receives &#8211; for the\n12-months to May this year was the lowest since 2015. &nbsp;<\/p>\n\n\n\n<p>\u201cPreliminary\ndata shows that the current account deficit narrowed to 4.2 per cent of GDP in the\n12 months to May 2019 from&nbsp;5.8&nbsp;per cent in May&nbsp;2018&nbsp;and\nfive per cent in December&nbsp;2018,\u201d said the financial sector regulator.<\/p>\n\n\n\n<p>This reflects the strong performance of exports particularly\nhorticulture,&nbsp;resilient diaspora remittances,&nbsp;and higher receipts\nfrom tourism and transport services. <a href=\"https:\/\/www.standardmedia.co.ke\/business\/article\/2001334014\/current-account-deficit-narrows-to-four-year-low\">Read more\u2026<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BY Dominic Omondi Improved exports, diaspora and tourism earnings have helped narrow the country\u2019s current account deficit to a four-year low, new data shows. According to the&nbsp;Central Bank of Kenya&hellip;<\/p>\n","protected":false},"author":3,"featured_media":3795,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","pagelayer_contact_templates":[],"_pagelayer_content":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[101],"tags":[],"class_list":["post-3794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news"],"_links":{"self":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/posts\/3794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/comments?post=3794"}],"version-history":[{"count":0,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/posts\/3794\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/media\/3795"}],"wp:attachment":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/media?parent=3794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/categories?post=3794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/tags?post=3794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}