The eurozone’s current account deficit decreased by 69 percent in September

HipHop24  - HipHop24
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The eurozone current account deficit decreased by 69 percent on a monthly basis last September, according to official data released on Tuesday.

The current transactions account refers to the net transactions of exports and imports of goods and services.

The European Central Bank said that the current account deficit for the eurozone decreased to 8.1 billion euros ($8.3 billion) last September, compared to 26.3 billion euros ($27 billion) in the previous August.

During the 12 months to the end of September, the current account of the eurozone recorded a deficit of 50 billion euros ($51.3 billion), compared to a surplus of 336 billion euros ($344.7 billion) in the 12 months to the end of September 2021.

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The economies of the eurozone were affected by the negative repercussions of the Russian-Ukrainian war, which caused high levels of global inflation and an unprecedented increase in commodity prices.

The eurozone includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus (Rum), Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

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Posted by HipHop24 HipHop24
News journalist about music around the world, including pop, hip-hop and rap
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