People like Ken Rogoff talked about global imbalances in the current account deficit not being sustainable.
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I've mentioned it often enough in the past, along with the likely rise in the current account deficit last year.
The necessary counterpart to an inflow of foreign capital is a deficit in the current account the largest component of which is trade in goods and services.
The European economy remains troubled even as structural reforms are making countries become more competitive (note the recent improvements in the current account balances of the countries of the periphery).
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The easing comprises a number of technical tweaks, including increasing the level of reserves in the current account and boosting the Bank's purchase of bonds, both of which should increase flows of money into the banking system.
But China's current account was already in surplus when the investment slowdown started, and is rising faster than it did a decade ago, so if and when the effects feed through to consumption, the change in the current account could be much bigger than last time.
Mr. Subbarao, while speaking at an event in the western Indian city of Ahmedabad, said the RBI will factor in the current-account gap while formulating its monetary policy.
It is worried that lowering rates aggressively could stoke inflation, encourage imports and lead to a further widening in the current-account gap.
The current-account deficit, now around 5% of GDP, is a key factor: if capital flows into America slowed even more sharply, or dried up, the adjustment involved in reducing the current-account deficit could be painful both for America and the rest of the world.
The prime exception is China, where hot money continues to pour in and where the current account has a massive surplus.
The current account is in surplus, but at some point a falling trade balance could send the current account into deficit, creating huge dangers and risk of macro financial market disruption.
Even in America, where the economy is most likely to respond quickly to the end of Saddam Hussein's regime, huge imbalances in the budget and current account are alarming economists.
After falling to a level of support near 1.2870, not even a surprise widening in the euro area current account gap to 5.8 billion euro could slow the rise of the currency.
Reserves fell in China during the last quarter of 2011 partly owing to the narrowing in its current account surplus.
It does not help in understanding the dynamics of the current account over time, especially in countries that run persistent current-account deficits or surpluses.
If this succeeds in stimulating demand, Japanese saving will fall and the current-account surplus in due course will narrow. (In the short term, however, most of the effect will be masked by a cheaper yen.) Perhaps demand in Japan is already stronger than the figures suggest.
The large deficit in the U.S. current account -- the broadest measure of American trade with the rest of the world -- is also a cause for concern.
Now that the national current account is in surplus, the ladies discuss the stock market and mutual funds - specifically, the 15 funds bearing the Buy Korea name.
Murat Ulgen, chief economist at HSBC in Istanbul, says the current-account deficit is expected to be 8% of GDP in the 12 months to March.
As of 1989, the last full year before she was ousted by her own party in May of 1990, the current account DEFICIT had reached an appalling 3.9 percent of GDP.
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That turnaround exceeds the increase in China's current-account surplus over the same period.
However, this would be the peak and he expects a lower current account deficit in the new fiscal year that begins April.
In truth, the current-account deficit reveals deeper economic flaws.
Instead of simply looking at a headline price - as they do in a store - the current account shopper needs to sit down with a calculator, a computer, and a considerable amount of time.
They point out that despite the improvement in Spain's current account, and bond yields subdued by the ECB's promise, the economic backdrop is grim and likely to get even grimmer as budget cuts continue to bite.
The council said it had taken the expected profit from the scheme into account in the budget for the current financial year, investing it in subsidised bus routes.
Thanks to the dollar's stability, liquidity and low transaction costs, the U.S. has an edge in attracting capital inflows to finance the current account deficit.
And the 10% increase in mortgage lending, with current account customers on the rise, suggests it's getting at least that bit right.
And the Commerce Department reported Thursday that the U.S. current account trade deficit narrowed in the final three months of 2012.
The Vickers Commission said there should be at least 6% of the personal current account market in a new competitor, and yet Project Verde assets forced by the European Commission into a sale only represent 4.6%.
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