DAR ES SALAAM, Sept. 16 -- THE current account deficit narrowed in the year ending July, supported by stronger exports of goods and services relative to imports.

The deficit fell to 2.08 billion US dollars, down from 2.71 billion US dollars during the same period last year, reflecting the impact of rising export earnings on the countrys external balance.

The shift suggests an improving external sector performance, reflecting both enhanced export competitiveness and a moderation in import demand that together contribute to a more sustainable trade balance.

Bank of Tanzania (BoT) latest Monthly Economic Review attributes this improvement to effective export promotion policies and possibly a tightening of domestic consumption patterns tha...