DAR ES SALAAM (Reuters) – Tanzania's current account deficit narrowed by 9.5 percent in the year to May due to higher tourism arrivals and agricultural output amid a decline in imports, the central bank said. The deficit narrowed to $ 3.98 billion in the 12 months to May from $ 4.38 billion during the same period last year. The bank did not say what it was as a percentage of the GDP. "The overall balance of payments recorded a surplus of $ 652.8 million compared to a deficit of $ 44.3 million recorded in the year ending May 2012," the Bank of Tanzania said in its latest monthly economic report. …
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