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Current account deficit News, Articles and Videos Current account deficit is the difference between a country’s total imports and exports. A country is said to have a current account deficit if it imports more goods, services, and investments than it exports. This is a reflection of the country’s negative balance of payments. A current account deficit can be caused by a number of factors, including a low savings rate, high levels of consumption, or large investments abroad. In some cases, a current account deficit can be a sign of economic strength, as it can indicate that a country is a net importer of goods, services, and capital. However, if a country’s current account deficit persists for an extended period of time, it can become unsustainable and lead to economic problems.
The Philippines’ current account deficit is expected to narrow to $9.5 billion, or 2.0% of gross domestic product (GDP) in 2024 from the projected deficit of $11.2 billion, or 2.5% of GDP, this year, the central bank said on Friday. The Bangko Sentral ng Pilipinas’ (BSP) previous forecast for 2024 current account balance was at $10.3 […]
The current account deficit is set to widen in the ongoing quarter, though it will likely remain in check, signaling comfort on India's external sector, according to economists. The current account deficit continued to narrow in the July–September quarter, as merchandise trade deficit lowered and service exports increased.
India's trade deficit narrows and services exports increase, prompting economists to lower the current account deficit (CAD) estimates for FY24. Capital inflows are expected to improve, but the rupee may not strengthen as the central bank aims to boost reserves. April-January period sees lower net services exports and improved FDI flows.
MANILA – The Philippines’ current account deficit is seen narrowing to $5.8 billion in 2025, or 1.1% of gross domestic product (GDP), from a projected deficit for this year of $6.1 billion, or -1.3% of GDP, the central bank said on Friday. The Bangko Sentral ng Pilipinas’ (BSP) previous forecast of current account deficit for […]
Easing current account deficit and rising foreign exchange reserves reinforce India's improving external position. The current account balance is likely to clock a marginal surplus in the ongoing quarter, with a deficit of sub-1% for the full year. India's current account balance recorded a deficit of $10.5 billion (1.2% of GDP) in Q3 FY24, lower than $11.4 billion (1.3% of GDP) in Q2 FY24, according to data published by the RBI on Tuesday.