Free Trial

GS Sees SA 4Q CA Surplus at 2.9% vs 2.5% BBG Consensus

  • Current account data coming up at 0900GMT:
  • GS sees current account surplus moderating from 3.6% in Q3 2021 to 2.9% in Q4 2021, driven by a narrowing of the trade surplus and leaving the full-year current account surplus at 4% of GDP
  • Forecasts that the current account surplus will narrow to 2% of GDP in 2022 and remain in surplus until late 2023.
  • Also notes that it will refine its estimate for the current account balance once nominal net export data are published in the national account statistics with the Q4 GDP release
  • CA surplus consensus is 2.5% of GDP vs 3.6% prior
MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.