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.
India's gold imports, which have a bearing on the current account deficit, fell about 30 per cent to USD 31.8 billion during April-February 2023 due to high customs duty and global economic uncertainties, according to data from the commerce ministry.
With a manageable current account deficit and a growth rate highest among the major economies in the financial year 2023, the Indian economy has shown resilience in navigating the turbulence of the (Covid) pandemic as well as geopolitical spill-over, she said.
THE PHILIPPINES’ public debt and external debt vulnerabilities are seen as “moderate,” the Asian Development Bank (ADB) said. In its latest sovereign debt heat map analysis from 2022-2023, the ADB said the Philippines ranks “relatively poorly” due to current account deficits, currency depreciation, and low import coverage of reserves. The heat map determines thresholds against […]
THE PHILIPPINE PESO would probably continue to weaken in the near term given the country’s high current account deficit and a dovish central bank, according to MUFG Global Markets Research. In a report, it said it expects the peso at P54.40 a dollar by the first quarter of 2024, weaker than its earlier forecast of […]
India's gold imports, which have a bearing on the current account deficit, dipped 24.15% to $35 billion in 2022-23 due to global economic uncertainties, according to data from the commerce ministry.
"Banks are under FX liquidity pressures after bringing in most of their FX assets from abroad and funding half of the current account deficit last year, and are now in need of withdrawing FX from the central bank"
THE current account deficit has a chance of narrowing this year as commodity prices fall, but weaker exports as the global economy slows could ultimately keep the indicator in the negative, analysts said. Makoto Tsuchiya, assistant economist from Oxford Economics Japan, said the firm expects the current account deficit as percentage of gross domestic product […]