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Economics Update – Oct 2019 trade

Economics Note 21/11/2019    211

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  • Imports fell at a faster pace than exports, lifting the trade surplus to a record high in 10M19.
  • In 10M19, exports from domestic companies gained ground from the ongoing US-China trade war.
  • A favourable current account surplus helped the SBV to shore up FX reserves, supporting exchange rate stability and monetary policy easing.

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