Exports bounced back in May, posting a 4% gain from a year earlier and dismal 0.4% growth in April, whilst declining imports helped narrow the country’s trade deficit. As per the latest data from the Central Bank, exports grew by 4% to $ 961 million, with imports declining 3.9% to $ 1.7 billion, helping the trade deficit to narrow to $ 823 million from $ 933 million. The current account recorded a surplus of $ 423 million in the first quarter of 2019, as against a deficit of $ 587 million in the corresponding period of 2018, mainly driven by the significant contraction of the trade deficit.– Daily Ft

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