We have to convince our public opinion that our countries would be better off - with more growth and more jobs - if we could deliver the reforms of the Lisbon agenda.
Accordingly, the deficit on the current account of South Africa’s balance of payments receded slightly to 1,6 per cent of gross domestic product. At this level it was easily financed by inflows of direct and portfolio investment. Preliminary information for April and May 2004 indicates a possibly slightly weaker trade balance in the second quarter of 2004.