Indonesia is seen recording its first trade deficit in three months in April, wi...
FILE PHOTO: A worker walks on the dock of the Tanjung Priok Port in Jakarta, Indonesia April 16, 2018. REUTERS/Darren Whiteside
Southeast Asia’s largest economy had a trade surplus for two months in a row up to March, helping it narrow its current account deficit in the first quarter to the smallest in a year. For April, 10 analysts in the poll had a median forecast of $500 million trade deficit, compared with a revised surplus of $670.81 million in March.
Meanwhile, exports were seen contracting for a sixth straight month in April, by 7.15% from a year earlier, though the pace was less sharp compared with 9.40% in March.
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