The coronavirus (COVID-19) pandemic was anticipated to have a slightly negative effect on the current account of South Africa. Under a worst-case scenario, where the pandemic persists through December 2020, the current account deficit for the same year was projected to be minus 3.9 percent of the GDP. In comparison, the outlook before coronavirus was at minus 3.7 percent of the GDP. Similarly, previous to the pandemic, a deficit of 3.4 percent of the GDP was projected for 2021. However, the deficit was reviewed to 3.7 percent of GDP, considering the worst-case scenario.
Impact of coronavirus (COVID-19) on projected current account balance in South Africa in 2020 and 2021
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AfDB. (June 1, 2020). Impact of coronavirus (COVID-19) on projected current account balance in South Africa in 2020 and 2021 [Graph]. In Statista. Retrieved October 03, 2024, from https://www.statista.com/statistics/1169855/impact-of-covid-19-on-projected-current-account-balance-in-south-africa/
AfDB. "Impact of coronavirus (COVID-19) on projected current account balance in South Africa in 2020 and 2021." Chart. June 1, 2020. Statista. Accessed October 03, 2024. https://www.statista.com/statistics/1169855/impact-of-covid-19-on-projected-current-account-balance-in-south-africa/
AfDB. (2020). Impact of coronavirus (COVID-19) on projected current account balance in South Africa in 2020 and 2021. Statista. Statista Inc.. Accessed: October 03, 2024. https://www.statista.com/statistics/1169855/impact-of-covid-19-on-projected-current-account-balance-in-south-africa/
AfDB. "Impact of Coronavirus (Covid-19) on Projected Current Account Balance in South Africa in 2020 and 2021." Statista, Statista Inc., 1 Jun 2020, https://www.statista.com/statistics/1169855/impact-of-covid-19-on-projected-current-account-balance-in-south-africa/
AfDB, Impact of coronavirus (COVID-19) on projected current account balance in South Africa in 2020 and 2021 Statista, https://www.statista.com/statistics/1169855/impact-of-covid-19-on-projected-current-account-balance-in-south-africa/ (last visited October 03, 2024)
Impact of coronavirus (COVID-19) on projected current account balance in South Africa in 2020 and 2021 [Graph], AfDB, June 1, 2020. [Online]. Available: https://www.statista.com/statistics/1169855/impact-of-covid-19-on-projected-current-account-balance-in-south-africa/