Indonesia's Q1 current account swings back to a deficit

[JAKARTA] Indonesia's current account swung back to a deficit of US$1 billion, or 0.4 per cent of gross domestic product, in the first three months of 2021, after two straight quarters of surpluses, central bank data showed on Friday.

There was a surplus in the country's financial and capital accounts in the January-March period, taking its balance of payments to a surplus of US$4.1 billion, compared with a US$200 million deficit in the previous quarter.

REUTERS