Lesotho runs persistent current account deficits, owing to ongoing construction projects, with the current account funded by a combination of grants and FDI.
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"Current account is not just about the trade balance" and imposing tariffs "do not have a material impact on the current account balance," he added.
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Back then, Spain had a current-account deficit of 3.3% of GDP; now it enjoys a current-account surplus of close to 2% of GDP.
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The statistics agency will also release third quarter current account data on Wednesday with economists expecting the current account deficit to remain at 3.4% of GDP.
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This suggests Russia had current account deficit between July and August as the central bank had viewed the current account surplus at $20.5 billion in the January-August period.
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"When we look at the July current account figures that will be released tomorrow, we may see the biggest surplus in current account for the past 12 months," he said.
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"The current account deficit alone is not a big risk, but a combination of higher current account and fiscal deficit and inflation is expected to weigh on the rupee," he added.
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According to the company, the way it will work is as follows: Every time your current account balance drops below £0, Chip instantly loads your current account with £100 of Smart Credit.
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I'm told the Monzo current account will have standard current account features, including Faster Payments, Direct Debits, international transfers, and, crucially, FSCS protection — the latter part of being granted a banking license.
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The IMF, in its annual External Sector Report, which assesses exchange rates and current account surpluses and deficits, also said current account surpluses and deficits are becoming increasingly concentrated in advanced economies.
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MEXICO CITY, Feb 25 (Reuters) - Mexico's annual current account deficit narrowed sharply in 2019 after the country ran current account surpluses in the final three quarters, central bank data showed on Tuesday.
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Commodity dependence is high (oil exports account for around half of current account receipts) and lower oil prices have pushed the current account deficit to 6.4% of GDP in 7503 (BBB median: -1.8%).
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The current account gap was 3% of GDP last year.
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Starling provides a current account specifically designed for your phone.
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Second, the U.S. faces both fiscal and current account deficits.
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Current account and FX reserves in India, Indonesia, Philippines: reut.
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Rising oil prices have sent Pakistan's current account deficit soaring.
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The current account deficit has swelled to about $18 billion.
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ET, and current account data is issued at 10 a.m.
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The current account surplus is expected to remain very high.
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Or, when expressed as an equation: current account = savings – investment.
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One saving grace for Turkey is its current account balance.
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Technically, you can call it the U.S. current account deficit.
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Turkey has the highest current account deficit among emerging markets.
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This applies to HSBC Advance, Bank Account and Current Account.
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Wednesday's data showed the vast bulk of Japan's current account surplus was generated by Japanese direct and portfolio investment abroad, accounting for 18.1 trillion yen of the 20.6 trillion current account surplus for 2016.
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The three exporting powerhouses have posted current account surpluses every year since 2002, China's first year as a World Trade Organization member and the year Germany moved out of current account deficit into surplus.
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Indec also said on Wednesday that Argentina posted a $6.871 billion current account deficit in the first quarter of 2017, larger than the current account deficits posted during each of the four quarters of 2016.
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The change is evident in Asia's trade and current-account balances.
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Its current account is expected to stay in deficit through 2020.
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Current account surpluses in recent years have helped reduce external debt.
|
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America has also run a large current-account deficit for years.
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RPT-CHINA PRELIMINARY Q1 CURRENT ACCOUNT SURPLUS $58.6 BLN - FX REGULATOR
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The current-account deficit has widened and the currency is sliding.
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If so, Pakistan's growing current-account crisis may look more manageable.
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|
Eleven economists participated in the annual current account poll for 2019.
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A gaping current-account deficit is also part of the explanation.
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Its current-account surplus is less than 0.5% of world GDP.
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|
The current-account deficit rose to more than 5% of GDP.
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Last year China's current-account surplus was just 3.33% of GDP.
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Current account holders can withdraw Rs 219,0003 ($2000) per week. Nov.
|
|
Sweden boasts a current account surplus of 4 percent of GDP.
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|
At heart, Number226 provides a free current account with a MasterCard.
|
|
Fourth-quarter current account data showed a deficit of $21 billion.
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|
Fourth-quarter current account data showed a deficit of $125.3 billion.
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A typical bank's current account usually earns no interest at all.
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Fitch expects current account surpluses to persist in 2017 and 2018.
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|
It is forecast that the current account will remain in surplus.
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|
The current account deficit is large relative to peers and persistent.
|
|
The finance ministry will publish the current account balance on Monday.
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|
Britain has a current-account deficit of around 3% of GDP.
|
|
Current account surpluses and capital inflows have strengthened Iceland's external finances.
|
|
Twelve economists provided forecasts for the 2019 full-year current account.
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|
Net FDI inflows comfortably covered the current account deficit in 20153.
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Conversely, countries that are exporters of capital run current account surpluses.
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A high current account surplus can allow more room for investments.
|
|
Turkey relies on external financing for its large current account deficit.
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To view a graphic on Asia current account balances, click: reut.
|
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After a few years of current account surpluses, the current account returned to deficit in 2015 (1.3% of GDP) and Fitch expects it to fluctuate close to that level, with a deficit of 1.6% in 2018.
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Hungary's current account deficit reached 1.72.12 million euros in the fourth quarter, reducing the full-year current account surplus to 1.72.03 million euros, down from 1.70.30 billion euros in 1.70.46 and 1.70.63 billion euros in 1.70.14.
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The starting point for a simple analysis of trade balances is the accounting identity, Current account + Capital account = 0 where the current account is the trade balance broadly defined to include services and income from investments.
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|
In 1996, its current-account deficit amounted to about 8% of GDP.
|
|
For July-September the current account surplus narrowed to 20.3 billion ringgit.
|
|
Britain, which runs a large current-account deficit, saw its currency depreciate.
|
|
We do that by providing a current account, debit card and overdraft.
|
|
The government will announce current account balance data at 8:50 a.m.
|
|
The programme was designed to reduce Egypt's budget and current account deficits.
|
|
The program was designed to reduce Egypt's budget and current account deficits.
|
|
But China's current account is now shrinking, constraining its U.S. dollar financing.
|
|
Infrastructure development has driven up imports and raised the current account deficit.
|
|
It has about 1.8m personal current-account customers and assets of £43bn.
|
|
The central bank will announce current account data for September (0700 GMT).
|
|
The improvement in Egypt's current account comes entirely from travel and transfers.
|
|
If they come down, a current-account surplus could swell up again.
|
|
The BoE also sees a risk in Britain's large current account deficit.
|
|
The last time China had a current account deficit was in 290.
|
|
Low oil prices have helped Morocco cut its current-account deficit, too.
|
|
Fitch forecasts a current account surplus of 2.3% of GDP in 2016.
|
|
Higher oil prices are also contributing to a widening current account deficit.
|
|
The trade deficit is the largest component of the U.S. current account.
|
|
The last time China had a current account deficit was in 1993.
|
|
The central bank will announce current account data for December (0700 GMT).
|
|
This reflects a widening current account deficit and rising debt service payments.
|
|
Bigger budget deficits would boost global demand and reduce current-account imbalances.
|
|
This, coupled with a current account surplus has reduced the economy's vulnerability.
|
|
The annual current account recorded a surplus of $5.9 billion in September.
|
|
Hong Kong releases first quarter current account data at 4:30 p.m.
|
|
Saudi Arabia posted a current account gap of $4503 billion last year.
|
|
A wider current account deficit tends to lead to a lower currency.
|
|
The central bank will publish January current account at the same time.
|
|
We add to world and Asian demand by running current account deficits.
|
|
Analysts say sterling is also vulnerable given Britain's high current account deficit.
|
|
The current account balance, which will be released at 8:50 a.m.
|
|
Moody's cited a weakening of institutions and the increased current account risks.
|
|
That would require measures to curb inflation and the current account deficit.
|
|
Current account Earnings: Micron, Darden Restaurants, Thor Industries, Steelcase 8:30 a.m.
|
|
By definition, the current account balance equals domestic saving minus domestic investment.
|
|
The German export juggernaut has a 2202-percent current account surplus globally.
|
|
ET with the current account deficit for the fourth quarter of 2017.
|
|
The BoE also sees a risk in Britain's wide current account deficit.
|
|
In that context the bank was also watching the current account surplus.
|
|
The current account deficit has narrowed significantly since a currency crisis last year saw the lira fall some 214%, raising import prices and leading to a narrowing in the trade deficit, a major element of the current account balance.
|
|
The amount of current account switches handled by the UK Current Account Switch Service (Cass) decreased between Q1 2019 and Q2 2019 and then again between Q2 2019 and Q3 2019, per data from Cass cited by Fintech Futures.
|
|
Japan's large current account surplus means global markets consider it a safe haven.
|
|
The current account surplus is at an estimated 0003% of GDP in 2016.
|
|
Peru maintains a strong external balance sheet with a small current account deficit.
|
|
Access to a EUR150 million intra-group current account at Mediaset remains available.
|
|
He highlighted the rapid deterioration in the current account data in recent months.
|
|
But I do think the negative current account makes china desperately short dollars.
|
|
BASS: -- their current account negativity is structural, it's not cyclical, in my opinion.
|
|
"Current account deficits have come down, and the fundamentals have improved," Mishra said.
|
|
Current-account deficits have narrowed, leaving most countries less reliant on foreign borrowing.
|
|
Because their exports pay for fewer imports, the importers' current-account deficits widen.
|
|
"A significant slowdown would widen the current account deficit and increase rupee vulnerability."
|
|
Indonesia relies on foreign capital to finance a current-account deficit (see chart).
|
|
Others, including the United States and Britain, have run persistent current account deficits.
|
|
"This is the less positive aspect of the current account adjustment," Carney said.
|
|
We may cut the growth target, and increase the current account deficit forecast.
|
|
The current account deficit remains sizeable and net external debt/GDP is rising.
|
|
Mexico posted a current account deficit of $21.996 billion for all of 2018.
|
|
The current-account deficit is substantial, making the economy vulnerable to external shocks.
|
|
Boasting vast current account surpluses, both Switzerland and Japan have hefty assets overseas.
|
|
The current-account numbers have to be taken with a pinch of salt.
|
|
Britain's current account deficit could get even worse if Britain leaves the EU.
|
|
ET. Current account and producer prices data are due at 8:30 a.m.
|
|
Nor does Kavanaugh's pious current account line up with his Georgetown Prep yearbook.
|
|
The Philippines' current account deficit doubled to 0.8 percent of GDP last year.
|
|
Today, it's a sin to run a current account deficit and that's crazy.
|
|
Fitch expects the current account will remain in a small surplus by 2018.
|
|
"The Chinese current account deficit is now under 1% of GDP," he explained.
|
|
Yet America's fiscal indiscipline and its sizeable current-account deficit might give pause.
|
|
For 2015, the current account deficit totaled $484.1 billion, the largest since 2008.
|
|
The current account surplus widened to 4.2% of GDP, from 3.7% in 2014.
|
|
Khan has blamed the previous government's policies for the ballooning current account deficit.
|
|
Foreign bond ownership is high and it runs a persistent current account deficits.
|
|
That positive trade development will help Malaysia's current account balance, Cavenagh pointed out.
|
|
Strong current account surpluses and capital inflows since 21000 have strengthened external finances.
|
|
This compares with the 'BBB' median current account deficit of 1.2% of GDP.
|
|
A large structural current account surplus supports the country's net external creditor position.
|
|
The current account deficit stands at a mind-blowing 25 percent of GDP.
|
|
Data earlier this week also showed Turkey's current account deficit surged in January.
|
|
PHILIPPINE C.BANK SEES 2019 CURRENT ACCOUNT DEFICIT AT $5.6 BLN (PREVIOUS $10.1 BLN)
|
|
High savings rates in Asia continue to translate into large current-account surpluses.
|
|
In the second quarter, the current account surplus narrowed to 3.9 billion ringgit.
|
|
On Monday the BoE said the current account deficit still posed economic risks.
|
|
In France, the current account deficit widened in June after exports declined slightly.
|
|
Nabiullina added that Russia's current account surplus was sufficient to cover debt repayments.
|
|
Last year's current account deficit was equal to 3% of gross domestic product.
|
|
The current account deficit narrowed to 1.9% of GDP in 2015, from 5.7% in 2014, and net external debt declined for the first time since 203, to 24.8% of current account receipts, aligning most external finance indicators with 'BBB' medians.
|
|
The current account deficit has narrowed significantly since a currency crisis last year saw the lira fall some 30%, raising import prices and leading to a narrowing in the trade deficit, which forms the largest chunk of the current account balance.
|
|
While the narrowing current account deficit is "encouraging news for investors", the lower reading "is best interpreted with caution, as cyclically Indonesia always sees a low current account deficit in the first quarter," said Satria Sambijantoro, an economist with Bahana Sekuritas.
|
|
The current account gap widened more than expected to $27.5 billion as the trade surplus shrank, which meant the current account deficit in the 4.353 months to October reached 24.35% of gross domestic product for the first time since December 279.5.
|
|
BEIJING (Reuters) - China's current account is likely to maintain a small surplus this year, the foreign exchange regulator said on Friday, after official data showed the country posted a final current account surplus of $88.2 billion in the first half.
|
|
The third quarter's current account deficit is expected to stay at a comfortable level.
|
|
Trade is the other big factor behind the narrowing of the current-account deficit.
|
|
As a consequence, the euro zone in total has a substantial current-account surplus.
|
|
And in Europe, recovery has been built atop large and growing current-account surpluses.
|
|
A severe drought also cut Argentina's farm exports, driving up its current account-deficit.
|
|
"The current account looks strong," said Dmitry Polevoy, chief Russia economist at ING Bank.
|
|
Alarmingly, the current-account and budget deficits were around 8% of GDP in 2016.
|
|
We expect the current account surplus to average 0003% of GDP over 2017-19.
|
|
But Bnext doesn't want to stop at providing a current account with a card.
|
|
"Excessive current account imbalances should be resolved through multilateral, not bilateral, framework," Aso added.
|
|
Indonesia, India and Philippines, which have the weakest current account positions, are more exposed.
|
|
Fitch expects the current account deficit to narrow to 6.9% of GDP by 2018.
|
|
In 2019 China could well run its first annual current-account deficit since 1993.
|
|
The government revised current account data from 2898 through the fourth quarter of 201815.
|
|
The report, "EM Current Account Deficits on the Rise Again", is available on www.fitchratings.
|
|
That might cause the current account deficit to soar, potentially negative for the currency.
|
|
MNEs' activities have brought about a high degree of volatility in the current account.
|
|
These, however, are mostly term deposits that are more expensive than current account balances.
|
|
This compares with a median current account surplus of 2% across 'A' category peers.
|
|
For two consecutive reports, Taiwan has only met the material current account surplus criteria.
|
|
Financing of current account deficits will keep net external debt on an upward trend.
|
|
Current-account deficits widened, to 12% of GDP in Portugal and 15% in Greece.
|
|
For more detail on current account data, please click on: here $1 = 0.8963 euros
|
|
It has since expanded services to offer a current account, cryptocurrency trading and insurance.
|
|
The widening of the country's budget and current account deficits have weighed on assets.
|
|
That in turn has made exports less competitive and widened the current-account deficit.
|
|
By crushing imports, Emefiele has balanced Nigeria's current account and boosted hard currency reserves.
|
|
The central bank is due to announce current account data for March (0700 GMT).
|
|
India will release current account data for the first quarter at 8:00 p.m.
|
|
It's got all those problems — high current account deficit, government borrowing in other currencies.
|
|
India, which like Indonesia has a sizable current account deficit, cut rates this month.
|
|
However, the build-up in FX reserves and current account surpluses provide significant buffers.
|
|
They may also be incorrect, with China's current account surpluses understated as a result.
|
|
As a result, China's current account balance reached 2202 percent of GDP in 2628.
|
|
Increased car production capacity allowed Slovakia to record current account surpluses in 2012-2015.
|
|
That could put pressure on the current account deficit of Asia's third-largest economy.
|
|
For 2015, the current account deficit totaled $484.1 billion, the largest amount since 2008.
|
|
To view a graphic on Asia current account balance and fx reserves, click: reut.
|
|
When you open an N26 account, you get a current account with a MasterCard.
|
|
Maciel said the bank forecast a current account deficit of $4.3 billion in July.
|
|
More expensive oil would lead to a widening current account deficit for the country.
|
|
TURKISH FINANCE MINISTER SAYS MAY SEE RECORD-HIGH ROLLING CURRENT ACCOUNT SURPLUS IN JULY
|
|
The quarterly current account gap was the largest since the fourth quarter of 2649.1.
|
|
Expansionary fiscal and wage policies have increased the country's budget and current account deficits.
|
|
If you look at the current account deficit that people feel very upset about.
|
|
GERMANY RAN WORLDS LARGEST CURRENT ACCOUNT SURPLUS FOR FOURTH SUCCESSIVE YEAR IN 2019 - IFO
|
|
Expansionary fiscal and wage policies have increased the countrys budget and current account deficits.
|
|
"Excessive current account imbalances should be resolved through multilateral, not bilateral, framework," Aso added.
|
|
The current account deficit for all of 2019 was equal to 2.72% of GDP.
|
|
The reason they're growing so fast is its debt fueled and their current account.
|
|
Current account deficits meanwhile remain adequately financed by a stable net inflow of FDI.
|
|
Those economies with high current account deficits have been particularly vulnerable to capital flight.
|
|
He noted that the leu's strengthening would amplify the country's rising current account deficit.
|
|
Data showing Turkey's current account deficit in August reversed to a surplus of $2.592 billion, from a $1.778 billion current account deficit in July, offered some sign that this year's nearly 37 percent slide in the currency may be setting the economy straight.
|
|
Perennial scourges such as double-digit inflation and ballooning current-account deficits have been absent.
|
|
Not all countries can run current-account surpluses (which must be matched by deficits elsewhere).
|
|
So did Australia and New Zealand, both of which also have large current-account deficits.
|
|
ET. The government will issue the third-quarter current account deficit at 8:73 a.m.
|
|
The current-account deficits in the euro zone's crisis countries were of the worrying kind.
|
|
Colombo also needs to finance a current account deficit of about 3 percent of GDP.
|
|
With inflation remaining subdued, Kganyago also highlighted the improvements in the narrowing current account deficit.
|
|
Monese: an online banking platform that offers quick current account opening for all EU residents
|
|
Today's circular will comfort corporates, and businesses — small and medium — who have a current account.
|
|
Higher oil prices mean a risk of the current account widening in 2017 and 13.
|
|
In other words, the current-account deficit, as well as the fiscal deficit, will rise.
|
|
Persistent structural factors, such as a widening current account deficit, have kept investors wary, however.
|
|
There is the risk that the financing of the current account may become more expensive.
|
|
"The last time OPEC recorded a current account deficit was in 1998," the report said.
|
|
The current account deficit, 4.4% of GDP in 2015, remains larger than the 'BBB' median.
|
|
At bottom, a current-account balance is the difference between a country's investment and savings.
|
|
It then lets you set up a business current account in 3 minutes or less.
|
|
Germany recorded the world's largest current account surplus for the third year running in 2018.
|
|
The current account deficit is considered one of the main risks of the Colombian economy.
|
|
Fitch estimates the current account remained in strong surplus in 2016, at 0003% of GDP.
|
|
Those tourism revenues may help with Turkey's other big economic problem — its current account deficit.
|
|
Investment outflows at that level would effectively double South Africa's current account gap, UBS said.
|
|
Gabon's current account balance turned into deficit in 2015 after almost two decades of surplus.
|
|
Today, with still-high unemployment, debt and a current-account deficit, it seems more southern.
|
|
It narrowed the current-account deficit for a while but the effect was short-lived.
|
|
The current-account deficit is now at an all-time high of 7% of GDP.
|
|
"Higher tourism receipts should temper the current account deficit, even if moderately," the firm wrote.
|
|
Customers go through a waiting list before being able to set up a current account.
|
|
The current account deficit will be 5.3 percent of GDP this year, the bank said.
|
|
Analysts polled by Reuters had expected the current account deficit to narrow to $103.5 billion.
|
|
Balance of payment, current account deficit that's been reduced below two percent, even 1.5 percent.
|
|
The current account deficit reached 337144% of GDP in 337120Q33713530 compared with 21750% in 21000Q2110.
|
|
The agreement will help finance Iraq's fiscal and current account deficits, the rating agency said.
|
|
The current account surplus is estimated to have increased to 20153% of GDP in 2015.
|
|
Lebanon also has a current account deficit because it imports far more than it exports.
|
|
ET, which is set to include housing starts, building permits and the current account data.
|
|
Data showing its current account deficit had widened more than expected adding to the woes.
|
|
A wider current-account surplus and higher foreign reserves have further bolstered Thailand's external finances.
|
|
Sticking with data, the Current Account is slated to come out at 8:30 a.m.
|
|
In 1991, the United States even ran a current account surplus for two full quarters.
|
|
ET. Canada's current account data for the second quarter is due at 8:30 a.m.
|
|
Completed in November, the program was designed to reduce Egypt's budget and current account deficits.
|
|
Data last week showed Turkey scored its first positive current account reading in three years.
|
|
The country of 10 million enjoys a current account surplus and positive foreign investment flows.
|
|
Graphic: Local FX deposits, here One saving grace for Turkey is its current account balance.
|
|
ET. Current account deficit numbers for the fourth quarter are due at 8:30 a.m.
|
|
Deutsche Bank estimates that Britain's current account deficit would be 40 percent higher without this.
|
|
CHINA FX REGULATOR SPOKESWOMAN SAYS CHINA'S CURRENT ACCOUNT EXPECTED TO MAINTAIN SMALL SURPLUS IN 2020
|
|
The result is Germany has one of the world's largest trade and current account surpluses.
|
|
The Chinese are simply recycling their current account surpluses in the form of capital outflows.
|
|
A large and sustained structural current account surplus supports the country's net external creditor position.
|
|
That deficit will in turn feed into the current account deficit and the trade deficit.
|
|
The current account gap represented 2.3% of gross domestic product in the July-September quarter.
|
|
But rising budget and current account gaps have weighed on assets, including the leu currency.
|
|
South Africa relies on foreign money to cover its large budget and current account deficits.
|
|
When Reagan entered the White House in 1981 the U.S. current account was broadly balanced.
|
|
Both countries have large external financing needs and current account deficits, but with key distinctions.
|
|
This circular flow of money saw America's current-account deficit grow in pace with China's surplus.
|
|
I mean it is at full employment but it has a very large current account surplus.
|
|
For 2015 as a whole, the current account deficit hit a record 5.2 percent of GDP.
|
|
He also noted that it has surpluses in its trade account, current account and fiscal account.
|
|
In 244, only around one million customers, equivalent to 220% of current account holders, used CASS.
|
|
The current account is forecast to narrow slightly when the data is released at 0930 GMT.
|
|
Fitch forecasts a moderate reduction in the current account surplus, to 1.7% of GDP in 2019.
|
|
Both had run large deficits on the current account, a broad measure of the trade balance.
|
|
At its simplest, a country running a current-account deficit is a net borrower from abroad.
|
|
Outside China, Chung favors countries with current account surpluses, such as Taiwan, South Korea and Thailand.
|
|
China reported a current account surplus of $49.1 billion in 2018, SAFE data showed last month.
|
|
Both of Current's products include a Visa co-branded debit card tied to the Current account.
|
|
The second quarter current account surplus was equivalent to 1.6% percent of gross domestic product (GDP).
|
|
If a country is persistently running current-account surpluses, its currency is probably undervalued; deficits, overvalued.
|
|
The region's current-account deficit narrowed by 1.4 percentage points of GDP last year (to 2.1%).
|
|
Mother Earth is running a current account of about $300bn with the rest of the universe.
|
|
Ireland, Portugal and Spain ran current-account deficits before the crisis, but are now running surpluses.
|
|
"The depreciation of sterling will have an impact on the UK current account balance," he said.
|
|
"The current account surplus will therefore shrink slightly - that will please the European Commission," he added.
|
|
Currencies from emerging markets whose economies are vulnerable on the current account have come under pressure.
|
|
Like a traditional bank, it gives customers a British current account and a prepaid debit card.
|
|
A weaker peso will curb the current-account deficit, which has expanded to 5% of GDP.
|
|
Enter: Pockit, the mobile banking app that provides current account functionality for the U.K.'s "underbanked".
|
|
It takes a while to shrink a big current-account deficit, even with a cheaper currency.
|
|
The improvement in net exports will also contribute to a narrowing in the current account deficit.
|
|
The IMF said it expected Germany's current account surplus to stay near record levels this year.
|
|
India's famously problematic twin deficits – the fiscal shortfall and the current account gap – are under control.
|
|
We expect the current account surplus to average 7% of GDP over the next three years.
|
|
By definition, a nation runs a current account deficit whenever it invests more than it saves.
|
|
Decreasing the UK's global appeal could make the current account harder or more expensive to fund.
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Monzo, the U.K. challenger bank, has finally added Apple Pay to its mobile-only current account.
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He added Germany's current account surplus was a result of the high competitiveness of its companies.
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All suffer from weak macro policy, high foreign exchange corporate indebtedness and significant current account deficits.
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A structural current-account surplus has facilitated continued reserve accumulation and strengthened the sovereign balance sheet.
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He also said it was not the SBP's job to worry about the current account deficit.
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It runs a persistent current account surplus - a broad measure of trade in goods and services.
|
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Not only is Turkey running a large current account deficit of around 5 percent of GDP.
|
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Latest data showed the current account deficit widened to $79.5003 billion in March, less than forecast.
|
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Finally, the imbalances, such as large current account deficits in some EM countries have improved significantly.
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More than 400,000 people use Monzo's app, 20,000 of which have set up a current account.
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Notably, in 28500, the U.S. current account deficit reached a peak of 6900 percent of GDP.
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Fitch forecasts a current-account surplus of 3.2% of GDP in 2016, broadly unchanged from 2015.
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At the heart of present U.S.-German trade frictions is Germany's massive external current account surplus.
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Stripping this out, Britain's current account deficit would stand at 3.7% — still large by international standards.
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Moody's said the drought would also stretch South Africa's already wide trade and current account deficits.
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The current account deficit narrowed to 4.8% of GDP in 2015, down from 11.6% in 2012.
|
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South Africa relies heavily on foreign money to cover its large budget and current account deficits.
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The current account is closely watched by investors as the broadest measure of trade and investment.
|
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This has contributed to the current account deficit staying wider than the central bank's initial target.
|
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Second, the country has a material current account surplus overall of at least 24% of GDP.
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There is no sign China is attempting to expand its current account surplus through currency manipulation.
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Kenya is enjoying a stable foreign exchange rate, low inflation and a reduced current account deficit.
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Fitch expects this trend to continue in 2016-17, with the current account surplus averaging 123%.
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In Romania, consumption-friendly wage and pension hikes have fueled the budget and current account deficits.
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Euro zone peers want Germany to boost investments, which would reduce it big current account surplus.
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The poll also forecast a current account surplus of 1.5772 trillion yen ($13.84 billion)for October.
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However, all of these countries still have either large current-account or fiscal deficits, or both.
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Tap the current account name and choose the alternate profile you would now like to use.
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And if you look at Thailand, huge current account surplus, just under 10 percent of GDP.
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Experts have attributed India's currency depreciation to rising oil prices and a widening current account deficit.
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South Africa, for example, has significant levels of dollar debt and a sizable current account deficit.
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Its current-account balance could turn to surplus by the end of 2018, according to the IIF.
|
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Monday's central bank data also showed a narrowing of the current account deficit and higher foreign investments.
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You've talked to us previously about the current account deficit going negative, you've talked about the currency.
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The current-account deficit reached USD2.6 billion in January-March 2017, the highest since September-December 2008.
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The current account inflow is expected at $30 billion by the end of this year, she added.
|
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The current account deficit was $22018 billion in the same quarter, January to March, a year earlier.
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The central bank is expected to announce March current account data at 0700 GMT on May 13.
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The current account surplus was about 6 percent of GDP in 2009 and 10.1 percent in 2007.
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But Hungary still has a current account surplus and plans to halve its budget deficit next year.
|
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But Argentina's wide fiscal and current-account deficits turned a rush for the exit into a stampede.
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An increase in grain exports will provide a stream of hard currency, narrowing the current-account deficit.
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What needs to happen is inflation needs to fall, and...the budget deficit and current account deficit.
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The sharp decline in oil prices has also bolstered the current account surplus and supported the baht.
|
|
The current account remained high in 2015, at 5.2% of GDP, almost unchanged from the previous year.
|
|
The Swiss franc is also backed by a hefty current-account surplus, even if it looks expensive.
|
|
In a presentation of the bank's quarterly inflation report, Cetinkaya said improvement in the current account continues.
|
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The balance of payments has to balance – a current account surplus must equal a capital account deficit.
|
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At bottom, a country's current-account balance is simply the gap between its savings and its investment.
|
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Inflation remains stubbornly high at 10% and the current-account deficit has risen on an annual basis.
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The documents also called on euro zone states with high current account deficits to contain wage growth.
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In May, the bank had forecast current account deficit would narrow to 4.8% of GDP in 2019.
|
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Its current account surplus in the October-December period more than doubled from the previous three months.
|
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Capital controls, huge foreign-exchange reserves and a current-account surplus help defend it from capital flight.
|
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In the April-June period, the current account deficit was $300 million or 0.1 percent the GDP.
|
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The agency expects the current account surplus will remain above 7% of GDP at the forecast horizon.
|
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Their lending helps Britain plug one of the widest current account deficits among the world's leading economies.
|
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ET. There's only economic report today: the government's fourth quarter current account deficit at 8:30 a.m.
|
|
A narrowing current account deficit and a stable exchange rate could also boost growth, the bank said.
|
|
"We expect our current account deficit to remain around 5 percent in the medium term," Njoroge said.
|
|
A wider current account gap and slowing foreign investments tends to be a drag on the currency.
|
|
A current account surplus indicates a nation is a net lender, and typically supports a country's currency.
|
|
And most importantly, as China has a current account surplus it can fund its own fiscal expansion.
|
|
The current account deficit rose by 47 percent year-on-year in January-October to $6.555 billion.
|
|
Denmark has a structural current account surplus (averaging just over 6% of GDP over the past decade).
|
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Second, the broadest measure of the trade balance, the current account, is equal to savings minus investment.
|
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The economy has grown steadily since 2000, and it has a healthy current-account surplus (see chart).
|
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Expansionary fiscal and wage policies have increased Romania's budget and current account deficits, weighing on asset prices.
|
|
Japan's current account surplus for August came in at 2.38 trillion yen ($21.12 billion), according to Reuters.
|
|
The current account measures the flow of goods, services and investments into and out of a country.
|
|
The U.S. current account is essentially the difference between national savings (public and private) and domestic investment.
|
|
Many tourists are now too frightened to visit, so the current-account deficit will only gape wider.
|
|
Oil imports have contributed to Indonesia's widening current account deficit and the volatility of the rupiah currency.
|
|
External imbalances have worsened, with a wider current account deficit in 33713530Q33710003 leading to exchange rate pressures.
|
|
This year, Berlin expects a whopping current account surplus of $340 billion, or 8.3 percent of GDP.
|
|
It has never been worse, with the current account deficit now more than 5 percent of GDP.
|
|
" On the other hand, McNamara pointed to Russia's current account surplus and "vanishingly little net public debt.
|
|
He also said he did not see the country's large current account deficit as a big risk.
|
|
The central bank is scheduled to announce April current account data at 0700 GMT on June 14.
|
|
Indonesia is also vulnerable because unlike some countries in the region, it runs a current account deficit.
|
|
In the second quarter, Mexico posted a current account deficit of $3.075 billion, the bank's data showed.
|
|
The agency expects that the current account deficit will increase from 2017 as domestic demand ramps up.
|
|
The current account position improved in 2015, albeit still a deficit of 3.6% of GDP in 123.
|
|
Since his election, Trump has also repeatedly criticized Germany's export strength and its large current account surplus.
|
|
Separately, France recorded in July its first current account surplus since January, Bank of France data showed.
|
|
A Reuters poll on Wednesday pointed to the current account recording a surplus $1.24 billion in July.
|
|
A Reuters poll on Wednesday pointed to the current account recording a$1.24 billion surplus in July.
|
|
Those three items add up to the "current account," the measure that economists most often refer to.
|
|
The result is huge current-account surpluses in Germany and the Netherlands of 7-10% of GDP.
|
|
"It (the current account deficit) is closing as expected and we don't have any concerns," Njoroge said.
|
|
The current account surplus totaled $435 million, surpassing the median $35 million forecast in a Reuters survey.
|
|
Kenya is enjoying a stable foreign exchange rate, low inflation and its current account deficit has fallen.
|
|
It gained 8.8% in 2019, Asia's best performing currency, driven by the country's large current account surplus.
|
|
Take Singapore, which lies at the extreme end with a current-account surplus of 18% of GDP.
|
|
October's data showed the current account deficit grew to $7.9 billion, wider than the estimated $5.5 billion.
|
|
The current account, which measures, among other things, trade-in-goods, has been in deficit since 2017.
|
|
Cuba does not publish up-to-date information on its debt, balance of payments and current account.
|
|
"With concerns about Indonesia's current account struggles still fresh on investors' minds, (Warjiyo) will likely refrain from reversing course in the near term as he preaches stability while the government works to jumpstart reforms in the trade and tourism sectors to alleviate pressure on the current account," he said.
|
|
"(Regarding the trade surplus) the truth is it's not just Germany anymore — central and eastern Europe, if you look at Hungary, Poland, the Czech Republic and take them as an aggregate, were running a big current account deficit before, now they're running a big current account surplus," he said.
|
|
But the current account deficit remains a significant constraint on some of the big decisions facing the government.
|
|
He has also promised savings measures and making the fight against inflation and the current account deficit priorities.
|
|
That imparts a deflationary bias throughout the zone: almost all euro-area countries now run current-account surpluses.
|
|
New Zealand posted a wider-than-expected current account deficit in the second quarter, official data showed Wednesday.
|
|
The current account deficit narrowed to $20163 billion, or 1.3 percent of gross domestic product, from $8.7 billion.
|
|
Countries that qualify would have a large current account deficit; and would intervene to drive down their currency.
|
|
To read more about the euro zone's current account: here (Reporting By Francesco Canepa; Editing by Catherine Evans)
|
|
A narrower current account and pick-up in FDI caused India's basic balance to turn positive in FY16.
|
|
Using this form, I downloaded the data of every physical Amazon order I've made from my current account.
|
|
As long as foreigners continue to prize British assets the large current-account deficit can endure, supporting sterling.
|
|
It also said that the current account deficit was $0.3 billion for the April-June period this year.
|
|
The United States' current account deficit is forecast to rise to 3 percent of G.D.P. from 2.4 percent.
|
|
Strip out spending by foreign tourists and the gap is even larger, as the current-account surplus attests.
|
|
The $23.6 billion widening from Q2 was the joint-second biggest quarterly current account balance deterioration in history.
|
|
Total net borrowing by the government, firms and consumers will determine the current account under Mr Trump, too.
|
|
The result has been dramatic growth in the current-account deficit since early 2016 (see left-hand chart).
|
|
For 2016 as a whole the Swiss current account surplus narrowed by 5 billion francs to 70 billion.
|
|
That has narrowed Turkey's current account deficit, which had previously been one of the main concerns of investors.
|
|
Chip then notifies the user and gives them the option to deposit money back into their current account.
|
|
So, I think for any economy, important-- variable is not bilateral trade figure but global current account figure.
|
|
That's good news for a country whose current account has stubbornly been stuck in a deficit since 2011.
|
|
The baht is the best performing Asian currency, thanks to its relative economic stability and current account surplus.
|
|
Its current-account deficit will swell, as its economy, stimulated by government largesse, sucks in imports from abroad.
|
|
The current-account deficit stood at 4.3% of GDP in 2015, compared to a 'BBB' median of 1.4%.
|
|
Philippine equities saw an outflow of $370 million on concerns over its high inflation and current account deficits.
|
|
Improving current account balances, appreciating currencies and attractive valuations provide fundamental support for investing in EM, Rodriguez said.
|
|
The current-account deficit, which bottomed out at $19.8bn three years ago, was $6bn last year (see chart).
|
|
As a result, Turkey's current-account deficit has narrowed far more swiftly than even the government had envisaged.
|
|
Comparisons here are somewhat tricky as current account deficit data for the June quarter are not out yet.
|
|
A slump in oil prices from 2014 widened fiscal and current-account deficits, putting pressure on the peg.
|
|
By definition any country that runs a current-account deficit needs to finance it with cash from abroad.
|
|
Economists polled by Reuters had forecast the current account deficit shrinking to $124.6 billion in the first quarter.
|
|
That deficit — called the current account — can weigh on a currency, especially when foreign investment stops flowing in.
|
|
The current account deficit widened to 5.2 percent of gross domestic product from 4.6 percent the quarter before.
|
|
The current account surplus rose to an estimated 20153% of GDP in 2015, from 0.7% a year ago.
|
|
One problem is Britain's current account deficit, which at 4.5% of GDP, needs foreign capital to finance it.
|
|
Morgan Stanley predicted in a February report that China's current account could turn into a deficit this year.
|
|
It even wants to launch something akin to a current account, without officially becoming a deposit-taking institution.
|
|
The Australian dollar was down 0.3 percent at $0.7464 after Australia posted current account data for January-March.
|
|
China's current-account surplus, which reached 10% of GDP in 2007, is often cited as proof of fiddling.
|
|
Tighter fiscal policy, including cuts to energy subsidies, has helped Morocco reduce its current-account and budget deficits.
|
|
To read more about the euro zone's current account: here Reporting by Balazs Koranyi; Editing by Peter Graff
|
|
The bank has said a widening current account deficit was worrying, and a stronger leu would not help.
|
|
During all of last year, the deficit on goods and services trade (the current account) more than tripled.
|
|
The three countries are net importers of oil and may see their current account deficits worsen, said Duhra.
|
|
The problem for Britain is that it has a huge current account deficit, which needs financing from abroad.
|
|
For full-year 2017, Argentina posted a $30.792 billion current account deficit, up from $14.693 billion in 2016.
|
|
Remittances helped plug the current-account deficit, but they may also deter Romanians from entering the labour market.
|
|
The net international investment position is strong, supported by current account surpluses above 8% of GDP since 2011.
|
|
The current account deficit amounted to the smallest share of national output since the third quarter of 2014.
|
|
Turkey's central bank is expected to announce the September current account data at 0700 GMT on Nov. 12.
|
|
Elsewhere, the country's current account deficit decreased to 9.1 billion Australian dollars ($6.95 billion) in the September quarter.
|
|
The February current account deficit was a more than 60 percent increase on the same period in 2017.
|
|
Spain's current account adjustment since the financial crisis broke is now more than 11 percentage points of GDP.
|
|
Austria's external position remains robust, with current account surplus expected to average 203% of GDP in 2016-17.
|
|
A widening of the current account surplus has further strengthened Germany's overall external position, a key rating strength.
|
|
Canada depends on portfolio inflows to finance a current account deficit of more than C$60 billion annually.
|
|
According to International Monetary Fund (IMF) estimates, Germany is currently running the world's largest external current account surplus.
|
|
Other U.S.economic indicators to watch today: the current account deficit for the third quarter, at 22019:30 a.m.
|
|
That has seen a selloff in emerging market currencies, raising financial risks in countries with current account deficits.
|
|
One indication of Argentina's external vulnerability is the fact that it has simultaneous budget and current account deficits.
|
|
The current account registered deficits of less than $1 billion in the first three months of the year.
|
|
The current account posted large surpluses in the first three quarters of 2016, averaging over 12% of GDP.
|
|
China's debt has surged, current account surplus has dropped, and its foreign exchange reserves have fallen since then.
|
|
Meanwhile, government data showed the country's current account deficit narrowed to 3% of GDP in the December quarter.
|
|
Economists polled by Reuters had forecast the current account deficit rising to $2294.7 billion in the fourth quarter.
|
|
Indonesia, for instance, one of her favorite markets, runs large fiscal and current-account deficits, Ms. Morrissey said.
|
|
The other criteria — the magnitudes of the overall current account balance and foreign exchange accumulation — are also arbitrary.
|
|
It forecast the current account deficit to stay almost unchanged at 4.7% in 2020 from 4.8% last year.
|
|
The pound often tends to move in sync with riskier assets, given the country's large current account deficit.
|
|
Fitch forecasts current account surpluses to persist in 2017-19, albeit at lower levels, averaging 3% of GDP.
|
|
While there are fears Colombia's big current account deficit makes it vulnerable to contagion, Echavarria ruled out intervention.
|
|
Cutting diesel fuel imports is one of President Joko Widodo's top priorities to reduce the current account deficit.
|
|
Mexico racked up a current account surplus of $2.486 billion during the October-December period, the data showed.
|
|
Issues over trade have involved China's current account surplus, alleged currency manipulation and more recently, tariffs, he said.
|
|
We expect rising exports to help the current-account surplus increase to around 21% of GDP in 2017.
|
|
On Friday, Britain will release second-quarter current account deficit figures and forecasts are for a slight narrowing.
|
|
Officials seem to be preparing for a future in which a current account deficit pushes it even higher.
|
|
In Iraq and Suriname, the drop in global commodity prices opened up wide fiscal and current-account deficits.
|
|
On the data front, there will be jobless claims and current account numbers due at 08:30 a.m.
|
|
Instead, they now began to focus on the country's large twin-deficit problem — federal budget and current account.
|
|
The 23 projects will create 35,000 jobs and contribute $19 billion to the current account, it also said.
|
|
The I.M.F. has said that Pakistan has low international reserves and a high fiscal and current account deficit.
|
|
It even looked possible the country enjoyed its first current account surplus since 1975 in the June quarter.
|
|
Depending on how Brexit unfolds, Britain, which had been a rather generous contributor to global demand thanks to its whopping current-account deficit, might find itself pushed rather roughly by financial reality toward a more balanced current account—as the tumbling pound forces Britons to cut back on imports, for example.
|
|
However, Kenya's exports remain low and the agency expects the current account deficit to remain above 6% in 2017.
|
|
On Monday, China reports balance of trade, imports and exports, first quarter GDP, current account and foreign exchange reserves.
|
|
"This opens up the possibility of a current account surplus for the June quarter," said Westpac economist Andrew Hanlan.
|
|
While India is in favor now, a large current account deficit in 21 almost sparked a severe financial crisis.
|
|
But even dividend remittances and other items on China's current account, liberalised in the late 1990s, have been affected.
|
|
Lower oil prices, higher remittance flows and stabilising capital imports have all contributed to the narrowing current account deficit.
|
|
Despite the shrinking of the current-account deficit, foreign investors will continue to exert huge influence over the economy.
|
|
On February 9th Germany reported the world's largest current-account surplus, of about €270bn (almost $300bn), beating even China's.
|
|
Argentina's fiscal and current-account deficits, along with its pile of foreign-denominated debt, singled it out for punishment.
|
|
India's current-account deficit continues to swell, for instance, even as the rupee plumbs record lows against the dollar.
|
|
As the dollar soared in the early 1980s, America's current account flipped from a small surplus into sizeable deficit.
|
|
But as he gets set for a second term, rising oil prices could push the current account deficit higher.
|
|
As credit conditions around the world tighten, most emerging markets will face pressure to reduce their current-account deficits.
|
|
America's current-account deficit tumbled after the global financial crisis but has been on the rise again since 2014.
|
|
Income from overseas investment, boosted by a pick-up in overseas economy, also helped support the current account surplus.
|
|
In the fourth quarter, the current account surplus was $13 billion, compared with $7.5 billion in the third quarter.
|
|
This will bring the Monese app even closer to a fully fledged current account offered by a traditional bank.
|
|
Some analysts have attributed the respite in the country's falling currency and high current account deficit to Rajan's policies.
|
|
Britain borrows a lot more than it saves: it has a current-account deficit equal to 4% of GDP.
|
|
The current-account deficit, which includes the trade deficit, is only partly to blame for the worsening balance-sheet.
|
|
Foreign assets have been under pressure as Bahrain runs fiscal and current account deficits fuelled by low oil prices.
|
|
Her current account was invented several years later in connection with her first of several groundless litigations against Peyton.
|
|
That honor belongs to emerging market countries which run a current account deficit and must attract dollars for financing.
|
|
Fundamentals, such as valuations and current-account balances (the euro-zone's big surplus; America's big deficit), suggest it should.
|
|
A large current account surplus, averaging 337120% of GDP between 33713530-33710003, supports a strong net international investment position.
|
|
It potentially could boost exports, which helps the government try to shore up its current account deficit, he said.
|
|
Depressed imports and more competitive exports mean Turkey has run a current-account surplus three months in a row.
|
|
The current-account surpluses of small countries are frequently lower, partly because of high investment rates in their economies.
|
|
The deficit on its current account, a broad measure of trade, is one of the largest in the world.
|
|
The wider current account surplus also hit a fresh monthly record of 30.4 billion euros on an unadjusted basis.
|
|
Excessive lending, some of it guaranteed by the government, contributed to rising inflation and a widening current-account deficit.
|
|
But with China's current-account surplus steadily shrinking, the central bank has started to release this pent-up liquidity.
|
|
Looking at both current-account gaps and credit gaps may provide better predictions, says Michael Spencer of Deutsche Bank.
|
|
Turkey's yawning current account gap - one of the biggest in the G20 - makes it reliant on foreign investment flows.
|
|
Lebanon has depended on such flows from its diaspora to finance the current account and the state budget deficits.
|
|
The Commission said last November that Germany's large current account surplus was caused by excess savings and subdued investment.
|
|
The yen is often sought in times of geopolitical tension, partly because Japan has a big current account surplus.
|
|
Down Under, Australia's balance of payments reflected a A$3.1 billion ($2.31 billion) current account deficit, wider than expected.
|
|
Secondly, a "material" current account surplus above 3 percent of gross domestic product, meaning national savings far exceed investments.
|
|
The current account surplus was 4.7% of GDP in 2016 (down by more than 5% on the previous year).
|
|
We expect the current account to remain in surplus over the next three years, albeit at a lower level.
|
|
"Current account surpluses in the economy are generally converted into Swiss francs and no longer invested abroad," she said.
|
|
Chinese investment in Turkey would help narrow Ankara's gaping current account deficit, which stood at $27.6 billion last year.
|
|
However, the current-account deficit shrank from around 13% of GDP in 2014 to less than 2% last year.
|
|
Analysts have attributed the rupiah's weakness to the country's current account deficit and mayhem in emerging markets in 2018.
|
|
Investors are also looking ahead to current account data for February, which is due to be released on Wednesday.
|
|
Earlier, sterling rose on hopes that the Softbank deal would help soothe investors' fears about Britain's current account gap.
|
|
It was pushed back below that level by a quarterly rise in Britain's huge current account deficit on Friday.
|
|
The current account surplus narrowed by around 20% yoy in 1H16, to USD6.3bn, because of a worsening trade balance.
|
|
This has meant a widening trade and current account deficits that have pressured the local currency, the Myanmar kyat.
|
|
And while Israel runs a modest trade deficit, the broader current account achieved a $12.4 billion surplus last year.
|
|
In the final three months of 2017, the U.S. current account deficit widened by more than analysts had anticipated.
|
|
The U.S. Commerce Department said last month the current account deficit had risen by $26.7 billion to $128.2 billion.
|
|
At the same time, Qatar's fiscal and current account deficits could widen as related revenues from regional trade diminish.
|
|
A widening current account deficit and larger government budget increase the supply of U.S. dollars over time, he explained.
|
|
Since I've had my current account, I have, through Instagram, sold a great deal of work privately to people.
|
|
Britain has a large current-account deficit (7% of GDP in the fourth quarter of 2015), which needs financing.
|
|
"The country's enormous current account surplus is an anomaly at almost 9 percent of GDP," Praet told the newspaper.
|
|
China's growth — and the investment that keeps its current account and trade surplus down — rests on a fragile base.
|
|
Turkey's current-account deficit has swelled from $22017bn at the end of 2016 to $41.9bn (4.7% of GDP) now.
|
|
The governor said the current account deficit may widen in the second quarter, but would stay below 3 percent.
|
|
The current account is a measurement of goods, services and investments that go in and out of a country.
|
|
Joshi noted accelerating growth, narrowing current account deficits and a shift to sounder economic policies in several emerging economies.
|
|
The combination of a stronger current account and high EU capital inflows have supported net external deleveraging in Poland.
|
|
Fitch estimates that the current account (CA) surplus was 4.5% of GDP in 2016, down from 5.1% in 0003.
|
|
Fourth-quarter GDP growth was left unrevised at 0.4 percent while the current account deficit was revised down sharply.
|
|
Bangladesh Bank has billions of dollars in a current account with the Fed, which it uses for international settlements.
|
|
The current account deficit was slightly smaller than the 32 billion pounds forecast by economists in a Reuters poll.
|
|
In the N26 app, you can swipe right from your current account to go into the savings & investment screen.
|
|
This may shift attention back to the UK's large current account deficit ... (and) does not bode well for sterling.
|
|
Turkey also faces a widening current account deficit making it reliant on weak foreign investment to plug the gap.
|
|
On one side of the balance is the current account, which consists mainly of trade in goods and services.
|
|
Initial and continuing claims, the Philadelphia Fed, and current account balance will all be released at 8:30 a.m.
|
|
And modern Japan is a country that really should be running current account surpluses, for one powerful reason: demography.
|
|
The finance ministry will announce the current account balance at the same time as the Cabinet Office's machinery orders.
|
|
The current account deficit is high ...This is all not a great signal for sterling versus the other currencies.
|
|
The flip side of a current account deficit, as an economist might put it, is a capital account surplus.
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ALL TIMES GMT (Poland: GMT + 1 hour): Poland's central bank to release November current account data at 1300 GMT.
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America could not borrow from abroad for ever, and persistent current-account deficits ate away at its export industries.
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With customer consent, U.K. banks will be required to give authorized third-party firms access to current account data.
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Revolut's app lets customers open a current account in 60 seconds, and offers currency exchange at the interbank rate.
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Pakistan is battling to bring under control a gaping current account deficit that's wobbled its economy and lowered growth.
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We forecast a trade-driven moderation in the current account surplus, to 8.1% in 2017 and 7.8% in 2018.
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The United Kingdom is presently running close to its largest external current account deficit in the post-war period.
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Economists polled by Reuters had forecast the current account deficit would tighten to $235 billion in the third quarter.
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Warjiyo said Indonesia's current account deficit remained under control despite November's larger-than-expected trade deficit of $1.3 billion.
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This was especially the case with respect to restoring budget balance and reducing the country's external current account deficit.
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Data showed Turkey's current account surplus in November failed to meaningfully top a forecast by economists Reuters had polled.
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It praised GDP growth of above 5% a year, but noted missed fiscal targets and a ballooning current-account deficit.
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The country's current account has benefited from low oil and gas prices, but is still $30 billion in the red.
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It expressed concern, however, at the risk of a widening current account deficit due to declining exports and rising imports.
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Turkey's current account, another major concern among investors, narrowed significantly in 2018 to $27.63 billion from $47.4 billion in 2017.
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Even with strong domestic demand growth, Sweden retains a structural surplus in both its trade balance and current account (CA).
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Economists say this will prove tricky, with the current account deficit is ballooning and an overvalued currency is hurting exports.
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"I understand that some people view current account surplus levels of say, South Korea and China, as excessive," Lee said.
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However, the ratings are constrained by Kenya's low GDP per capita, sizeable current account and budget deficits, and political risks.
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He said economic activity in Turkey is showing significant improvement and that the current account would surprise at year-end.
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Gurria said Germany should take criticism of its persistently large current account surplus seriously and address the imbalances it caused.
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Turkey's lira fell almost 2% after data for March showed the country's current account deficit narrowed much less than forecast.
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The Japanese yen, another safe-haven play due to its large current account surplus, has appreciated strongly against major currencies.
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Egypt, Morocco and Philippines would suffer the most in terms of the combined knock to GDP, current account and inflation.
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ALONG with rising consumer debt and weak public finances, the current-account deficit is one of the economy's biggest vulnerabilities.
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The current account deficit now stands at $14 billion, around 5.3 percent of gross domestic product, an SBP official said.
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If Britain is running a current-account deficit, for instance, it means that non-British residents are accumulating British assets.
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The data released on Wednesday showed the current account deficit narrowed 11.9 percent last year to 5.2 percent of GDP.
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As those four countries have stabilised or recovered, they have wholly or partly reversed their current-account deficits (see chart).
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Kuroda's comments on the current account balance come amid increasing tension between the United States and its main trading partners.
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America has run current-account deficits—which are substantially driven by the balance of trade—almost every year since 19903.
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As the economy grew rapidly in the late 2.53s, the government budget approached balance, yet the current-account deficit grew.
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The current account deficit is a source of vulnerability for Indonesia because it relies on portfolio investment to fund it.
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Traders also fret about Britain's large current-account deficit, a measure of how much the country is borrowing from abroad.
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Nor has he eliminated a current-account deficit that stood at $4.9 billion in the second quarter - another sore point.
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The statistics office said the current account deficit shrank 30 percent to 71.02 billion shillings ($703 million) during the quarter.
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Investors have been nervous about both countries, which rely heavily on foreign investors to plug their gaping current account deficits.
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Of course, for any current account offering, perhaps a better metric is accounts where a regular salary is paid in.
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Separate data showed that the current account swung back into surplus from a deficit the prior month, albeit below expectations.
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The wider current account surplus has almost doubled over the past five years to reach 252.58 billion euros in 6.443.
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In a speech on Saturday, Erdogan said he would tackle high interest rates, inflation and a wide current account deficit.
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But running a current account deficit has come to be regarded as "a sin," according to Singapore's deputy prime minister.
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Yet you leave the savings untouched, and pay only as much of the bill as your current-account balance allows.
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In recent years capital outflows have pressed down on the yuan, but the current-account surplus has countered that effect.
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Thus a fall in price would drive down the value of its imports helping India narrow its current account deficit.
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Any higher and some familiar problems, namely current-account deficits, budget shortfalls and high inflation, will make an unwelcome return.
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Users in those countries will get a true current account and a non-prepaid debit card in a few months.
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For 2017, China's final current account surplus was $164.9 billion and its final capital and financial account surplus $57 billion.
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Cuba last reported its foreign debt at $18.2 billion for 2016 and considers its current account and reserves state secrets.
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It is a factor behind a profound shift in the global financial system: the disappearance of China's current-account surplus.
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DATA AHEAD (GMT) *1330 Brazil Current Account Jan *1330 Brazil Foreign Direct Investment Jan 1500 U.S. Wholesale Inventories Dec* approx.
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Romania has shrunk its budget and current account deficits under a series of IMF-led aid deals during 2009-2015.
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Fitch expects the current account balance to reach a similar 2.3% of GDP deficit in 2017, again financed by FDI.
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It said those countries with trade and current account surpluses needed to work with deficit countries to reduce these imbalances.
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Latin America's No. 3 economy posted a current account deficit of $4.927 billion in the first quarter of last year.
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However, Fitch expects Colombia's gross external debt to gradually fall after peaking at 262% of current account receipts in 0003.
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This showed how the current account surplus was continuing its slow downward trend, which started in mid-2016, it said.
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Starling, the U.K. challenger bank that offers a mobile-only current account, continues to execute on its marketplace banking strategy.
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My current account balance is chump change in the scheme of things, but I don't want to part with it.
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Moody's cited concerns about the current account when it cut Turkey's sovereign debt rating further into junk territory last month.
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An additional danger is that South Africa depends on foreign money to cover its large budget and current account deficits.
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Germany has run a current account surplus every year since 2002, and in 2015 it reached 8.9 percent of GDP.
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Since Reagan took office in 1981, the United States has posted a current account deficit every single year bar one.
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He also notes that Turkey has a "cheap" currency, an improving current account deficit, strong public finances and favorable demographics.
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That provides a cushion for the suffering economy, producing a current-account surplus that siphons off spending from healthier countries.
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Analysts attributed the first quarter's rare current account deficit to China's narrowing trade surplus and a widening services trade deficit.
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The big question, as David Bowers and Ian Harnett of Absolute Strategy Research explain, is the British current-account deficit.
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Number26, a Berlin startup, has signed up over 200,000 customers across Europe for its smartphone-based current account within months.
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Clinc will then analyse your current account and determine how much money you can afford to set aside each month.
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But it has still risen 7.6% against the dollar so far this year, sustained by Thailand's hefty current account surplus.
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And the second quarter current account deficit is pegged at $120.5 billion, compared to a prior estimate of $124.7 billion.
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Canada runs a current account deficit, so its economy could be hurt if the flow of trade or capital slows.
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The lira, also undermined by wide current account deficits, has also lost ground, with the lira approaching three-month lows .
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On Thursday, Britain will release second quarter current account deficit data and forecasts are for a slight narrowing the gap.
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Economists polled by Reuters expected a median $1.1 billion current account surplus and $3 billion worth of foreign direct investment.
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Besides the House vote, markets are watching some economic reports, including housing starts and current account at 8:30 a.m.
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Analysts say running a current account deficit is fine as long as a country attracts enough foreign direct investment (FDI).
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The biggest improvements are that the region's foreign exchange reserves have been replenished alongside a reduction in current account deficits.
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Brazil posted a current account surplus of $1.2 billion for May and a deficit of $2.563 billion for June 2015.
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At a low level of two months of current account payments, reserves offer little protection should external liquidity dry up.
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"Our goal with today's announcements is to have 20-30% of our merchants join and use our current account platform."
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The government's 2020 current account forecast, even before the latest volatility, was for a chunky deficit of 3.9% of GDP.
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The American current account deficit — the broadest measure of the balance of trade in goods and services — is an anomaly.
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South Africa relies on foreign investment to finance twin budget and current account deficits, one of its main economic weaknesses.
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The current account stood at 0.2 billion euros in July, after a revised deficit of 1.1 billion euros in June.
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The bank announced adjustments going back to 2013 that cast Turkey's historically problematic current account in a more positive light.
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Britain's large current account deficit has also made sterling vulnerable, while drastically poorer liquidity last week exacerbated the move downwards.
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Albayrak also said current account data for July, which will be released on Friday, may see a record-high surplus.
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His indifference to the country's large current account deficit and reckless lending leaves it at the mercy of foreign financiers.
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A current account surplus is a broader measure of the trade surplus, plus earnings from foreign investments and transfer payments.
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"Such measures would bolster productivity growth, further lift long-term output, and reduce Germany's large current account surplus," it said.
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In a separate paper it presented evidence that the growing current-account surplus was accompanied by increasing inequality (see chart).
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The current account balance posted its third consecutive annual surplus in 2015, an unprecedented record in the last 40 years.
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Preliminary data for 2015 indicates that the current account reverted to a mild surplus after four consecutive years of deficits.
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In 2017, Germany registered the highest current account surplus in the world, according to data from the Ifo economic institute.
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"The U.S. has neither the current account surplus or budget surplus that a true safe haven would demand," Foley explained.
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ALL TIMES GMT (Poland: GMT + 2 hours): The central bank is to publish June current account data at 1200 GMT.
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We expect the current account balance to narrow from an estimated 3.2% of GDP in 2015 to 123% in 2017.
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Malaysia is a large oil exporter, so higher oil prices have helped the country's current account surplus, analysts told CNBC.
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Britain has the biggest current account deficit in the developed world at nearly 20.6 percent of its annual economic output.
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The Economy Ministry said the government's fiscal and economic policies were not primarily designed to influence the current account balance.
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"The country's enormous current account surplus is an anomaly at almost 9 percent of GDP," Praet told L'Opinion in an interview.
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Amid bouts of volatility in emerging markets in recent years, Indonesia's widening current account deficit has been a source of concern.
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Economists polled by Reuters had forecast the current account deficit slipping to $115.1 billion from a previously reported $116.8 billion shortfall.
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The wider current account surplus plunged to 12.8 billion euros after a revised 24.8 billion euros in December, the data showed.
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"Germany has an excessive current account surplus, close to 9 percent…part of that with the United States," he told CNBC.
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Similarly, current account surpluses for the four strongest GCC economies - Saudi Arabia, the UAE, Kuwait and Qatar - are expected to swell.
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The IMF said China's current account surplus was growing again after declining in 2015 and 2016 and needed to be reduced.
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ALL TIMES GMT (Poland: GMT + 2 hours): The central bank is due to publish May current account data at 1200 GMT.
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Improving net exports will boost the current account and we expect the surplus to increase to 0003% of GDP by 2018.
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Japan's current account surplus was 1.11 trillion yen in December, a seventh straight month of annual increases, the ministry data showed.
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Many investors also turned to the Japanese yen, traditionally a safe haven asset thanks to the country's massive current account surplus.
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The country has benefited from more than two decades of large current account surpluses, driven by a large net services surplus.
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The country's current account deficit widened to its largest in nine years in the third quarter, official statistics showed on Wednesday.
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Spain's external adjustment has continued, with the current account surplus increasing to 2.0% of GDP in 2016, from 1.4% in 2015.
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The argument is that the underlying causes of the euro's problems are Germany's strong competitiveness and its huge current-account surplus.
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So although a big current-account deficit does not necessarily set alarm bells ringing, it is worth keeping an eye on.
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Its current-account deficit could widen to 3% of GDP this fiscal year (which ends in March), according to some forecasts.
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The bank said it hoped the new digital current account would get 5 billion pounds of customer deposits within five years.
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The country has also been criticized for its high current account surplus, and Dombret conceded the German surplus was "rather high".
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The widening of the current-account deficit has exceeded our assumptions when we affirmed Pakistan's rating at 'B'/Stable in February.
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The C$16.35 billion ($12.72 billion) current account gap was smaller than economists' forecasts for a deficit of C$17.80 billion.
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Canada has run a current account deficit every quarter since the third quarter of 2008, according to data from Statistics Canada.
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Purchases of UK assets by foreigners help Britain fund its current account deficit, which was 4.4 percent of GDP last year.
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Public debt has come down to 2700% of GDP, the current account is in surplus and foreign-currency reserves are high.
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Figures on Wednesday showed that the U.S. current account deficit widened to $124.8 billion in Q3, the widest in 10 years.
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Such a drop in saving associated with an increase in productivity contributed to the current-account deficit in the late 1990s.
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"It is all about the twin (budget and current account) deficits," said Ciprian Dascalu, chief economist at ING Bank in Bucharest.
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Number26 offers a current account that gives you real-time notifications of what you're spending and what areas you're spending in.
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It has a current account deficit of 5 percent," Boris Schlossberg of BK Asset Management said Monday on CNBC's "Power Lunch.
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The statistics office said the current account deficit shrank 10.4 per cent to 100.6 billion shillings ($983.86 million) during the quarter.
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The flood of cash might almost be enough to give the country a current account surplus, the first in modern history.
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The current account deficit for the second quarter of 2016 was revised down to 5.4 percent of GDP from 5.9 percent.
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The reserve accumulation of the past two decades has gone hand-in-hand with a soaring current-account deficit in America.
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Thais simply don't like to invest in foreign assets, in contrast with citizens in other economies with sizable current-account surpluses.
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Investors were spooked by the country's large fiscal and current-account deficits, and a rapidly growing pile of foreign-currency debt.
|
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In contrast, the U.S. current account deficit is two percent while Britain runs a deficit of almost four percent of GDP.
|
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Fitch said on Monday that Russia's flight ban would weigh on Georgia's growth and current account through its impact on tourism.
|
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Reduced risk appetite could weigh on the Canadian dollar because Canada depends on capital flows to finance its current account deficit.
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Germany is a fully-employed economy with balanced public finances and an exploding current account surplus of 22 percent of GDP.
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We forecast the current account deficit to remain wide, averaging 6.9% in 2017-0003, well above the 'BB' median of 2.1%.
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In India, it could worsen the current account balance by 0.4 percent of GDP and increase inflation by 30-40 bps.
|
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These difficulties include big budget and current account deficits, inadequate foreign exchange reserves, and too much debt issued in foreign currency.
|
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Among the ten largest emerging markets, only Turkey and Argentina ran current-account deficits greater than 2% of GDP in 2017.
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Whatever the cost, it is risky for a country with a large current-account deficit to mess around with foreign investors.
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Since 220 the number of "primary" customers (with an active current account and another product) has climbed by 20173%, to 22017m.
|
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India's currency depreciation has been attributed to rising oil prices — it's a major crude importer — and a widening current account deficit.
|
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We expect the current account to record small deficits over the forecast horizon, gradually eroding Cote d'Ivoire's estimated net creditor position.
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Warning signals gain weight for countries with current account deficits, rapidly declining foreign exchange reserves or which are experiencing credit bubbles.
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China is already a spent force in the global savings glut: its current-account surplus has dwindled to next to nothing.
|
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The French prefer flexibility and discretion, and worry about large current-account surpluses and the lack of a mutualised debt instrument.
|
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In Egypt the constraint was its current-account deficit, which widened from 0.8% of GDP in 2014 to 5.6% by 13.
|
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Turkey's President Tayyip Erdogan announced that exports, which help narrow the country's current account deficit, will be exempt from the tax.
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That in turn means that China will need to attract net capital inflows—the mirror image of a current-account deficit.
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There is an argument against negative interest rates as Australia runs a current account deficit and is a capital importing nation.
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The bank said the current account deficit was expected to narrow to 4.5% of GDP in 2019 from 5.0% last year.
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The yen tends to attract demand in times of market stress as the currency is backed by Japan's current account surplus.
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The report blamed the shrinking current account on China's aging population, and plateauing market share in goods exports, among other factors.
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The median forecast in a Reuters poll of economists was for a current account surplus of $450 million in the month.
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It has to a large extent corrected the imbalances of its twin deficits - its fiscal derailment and the current account gap.
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Fears about the current account, Britain's credit rating and Brexit have been drivers of the pound's recent fall (see chart 2).
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|
Caruso-Cabrera: I don't know if you've seen some of the commentary when your current account surplus came out last month.
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The German current account surplus fell to 7.8 percent of total output in 2017 from 8.3 percent in the previous year.
|
|
External financing needs for 2018 are expected to remain high in the context of a current account deficit and amortization needs.
|
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With current account deficits more manageable, emerging economies are also less vulnerable to global shocks or sudden reversal of capital flows.
|
|
For May alone, the current account surplus was 210.6 million euros, compared with a deficit of 5.7 million in May 2016.
|
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Similarly, Revolut provides a local U.K. current account, and a multi-currency IBAN number for the other 23 currencies it supports.
|
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The current account balance flipped into surplus in 2016 mainly because of a smaller energy import bill and strong remittance inflows.
|
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The average forecast in a Reuters poll of economists was for a current account surplus of $500 million in the month.
|
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Credit Suisse's Indian team is also forecasting the country's current account balance to slide further into deficit in 2016 and 2017.
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We expect Malta's external position will remain strong with a forecast current account surplus of 7.7% of GDP over 2017-2019.
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It offers most of the things you'd expect of a current account, such as account number and cash deposits and withdrawals.
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The current account is the broadest measure of a country's foreign transactions encompassing trade, services, and financial flows including interest payments.
|
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Fitch forecasts the current account deficit to widen to 7.8% of GDP in 2017, significantly higher than the 4.4% 'B' median.
|
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Even with billions of petrodollars, Egypt's budget and current-account deficits are gaping, at nearly 12% and 7% of GDP respectively.
|
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Economists polled by Reuters had forecast the current account deficit declining to $120.5 billion from a previously reported $124.67 billion shortfall.
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And as long as it can keep exporting gas, its current account balance is unlikely to go deep into the red.
|
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The accumulated current account deficit for 2015 was the equivalent of 2.8 percent of gross domestic product, the central bank said.
|
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The U.S. economy has run a current account deficit for decades, with our last trade surplus occurring almost 2628 years ago.
|
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Bank of England Governor Mark Carney has said the big current account deficit leaves Britain reliant on "the kindness of strangers".
|
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China's first-quarter 85033 current account was in deficit, which has not happened since before China joined the World Trade Organization.
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JAKARTA, Nov 8 (Reuters) - Indonesia's current account deficit narrowed in the third quarter, data from the central bank showed on Friday.
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The Bangladesh central bank had billions of dollars in its current account, which it used for international settlements, officials have said.
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Based on unadjusted data, the current account surplus widened to 40.6 billion euros in March from 24.2 billion euros in February.
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And the final characteristic is if a country has a current account surplus that's at a minimum 3 percent of GDP.
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In terms of data, euro zone current account numbers showed a bigger surplus in September to 37.8 billion euros ($44.51 billion).
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The opposite was happening in the euro zone, where the German export engine was powering an ever-expanding current account surplus.
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Lagarde repeated her view that Germany should take steps to reduce its current account and trade surpluses by encouraging more consumption.
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The current account balance was slightly negative in 2016 (-0.6% of GDP) and Fitch expects it to narrow slightly through 2019.
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So it's hard to see how these policies can do anything other than make the U.S. current account deficit even larger.
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Fitch expects the current account balance will trend lower but remain positive, at a forecast 1.6% of GDP by end-0003.
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"With these, we hope our current account deficit ... can be lowered significantly," Indrawati told a news briefing after a cabinet meeting.
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Emerging market currencies had less luck, with currencies relying on foreign capital to finance their current account deficit hit the hardest.
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"Building a current account is not for the fainthearted, it requires a lot of business expertise and technical expertise" she adds.
|
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But the general government balance to GDP ratio was -2.9% last year, according to Moody's, and the current account balance -0.6%.
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The persistent current account surplus has led to a significant growth in the net international investment position of 37% of GDP.
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When an American company earns profits on a overseas operation, for example, that money is included in the current account balance.
|
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The country faces a balance-of-payments crisis, with a record $18 billion current account deficit for the last fiscal year.
|
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Officials have described Pakistan's soaring current account deficit — a measure of the imbalance between imports and exports — as an existential crisis.
|
|
So if I'm doing this right, we can look at Ireland's current account deficit as a measure of true capital inflow.
|
|
Then add: a weak banking sector, budget deficits, current-account gaps, substantial short-term foreign-currency debt and inadequate forex reserves.
|
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But it also runs a current account deficit, so its economy could be hurt by a reduced flow of global capital.
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"Raising public spending in order to reduce Germany's current account surplus would likely be a futile undertaking as well," he said.
|
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A slowdown in exports to Asian nations is the main reason behind a shrinking in the current account surplus, analysts said.
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"The current account deficit disrupts the rupiah and our economic growth, that's why I want to focus there," the president said.
|
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BoE Governor Mark Carney has previously warned that the large current account deficit left Britain reliant on "the kindness of strangers".
|
|
Mexico posted a current account deficit of $2.444 billion in 2019, down from $23.004 billion a year earlier, the figures showed.
|
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The most comprehensive measure of our trade balance is called the "current account," which includes all trade in goods and services.
|
|
The Treasury cited Switzerland's large bilateral goods trade surplus with the United States as well as its overall current account surplus.
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JAKARTA, Feb 10 (Reuters) - Indonesia's current account deficit widened in the fourth quarter, data from the central bank showed on Monday.
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ET this morning to consider: August housing starts and building permits, August import prices, and the second quarter current account deficit.
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Data on Tuesday appeared to support him: Ankara's current account was in surplus for a third month after years of deficit.
|
|
The latest poll continues to predict sizeable budget and current account deficits for the two weakest GCC economies, Bahrain and Oman.
|
|
Which emerging market exchange-traded fund buyers have really looked into the current account dynamics of the constituents of the basket?
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"It will be central bank policy, current account dynamics and definitely what happens with the U.S.-China trade (conflict)," he said.
|
|
France has run moderate current account deficits, which have averaged less than 1% of GDP for the 10 years to 2015.
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Indonesia, for example, also runs fiscal and current account deficits and its foreign currency borrowing is roughly 30 percent of GDP.
|
|
The deficit on the current account has tumbled from a peak of 6.3% of GDP in the fourth quarter of 2005.
|
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Those two economies have a few things in common: low inflation as well as large current account surpluses, experts pointed out.
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Key rating drivers include institutional strength, a high value-added and diversified economy, and strong current account and net international positions.
|
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Commodity prices indeed matter a lot for currency valuation estimates in Latin America, as they are relevant for current account developments.
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We are especially concerned about the current account deficit, which is why we ... will not allow the leu currency to firm.
|
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The current account gap is a source of vulnerability for Indonesia because the economy relies on portfolio investment to fund it.
|
|
And, similar to a plethora of other nascent challenger banks or neo-banking apps (that is, fintech startups that offer a current account experience without actually operating a bank/holding a banking license), the Starling Bank app lets you view your current account activity in real time, something most legacy banks fail or fall over trying to do.
|
|
Below is an explanation of why Britain has such a big current account problem and what is likely to happen to it.
|
|
The current account deficit hit a record high of 7 percent of gross domestic product in the last three months of 2015.
|
|
The central bank decided to charge 0.1 percent interest on small amount of current account deposits that financial institutions hold with it.
|
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Financing the current account deficit (3.7% in 2016), in addition to sovereign debt servicing obligations of USD3.2bn will rely on external support.
|
|
Germany says its high current account surplus is down to the competitiveness of the economy, over which the government has no influence.
|
|
The Swiss and Japanese currencies are often sought in times of global tension partly because the countries have big current account surpluses.
|
|
Moody's cut Turkey's sovereign rating further into junk territory last week, citing a weakening of institutions and the increased current account risks.
|
|
Indonesia, with a widening current account deficit, and the Philippines, with a worsening trade deficit, have seen the biggest outflows this year.
|
|
As a result, the country's current account deficit widened to its largest in over a year at A$14 billion ($10.89 billion).
|
|
For 2017 overall, Canada saw a current account gap of C$63.93 billion, smaller than the previous year's C$65.37 billion gap.
|
|
At 1.8% of GDP, in the most recent quarter the current-account deficit is less than half what it was in 2013.
|
|
Britain's current account deficit widened to 25.494 billion pounds ($31.23 billion) from a downwardly revised 22.079 billion pounds in the second quarter.
|
|
User numbers are equally impressive: 470,000 people have a Monzo account and 20,000 users are already using the challenger bank's current account.
|
|
"We look forward to moving more customers onto the current account where we hope and believe it will be much, much better."
|
|
Meanwhile, data on Thursday showed that the euro zone posted a seasonally-adjusted current account surplus of 23 billion euros in October.
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For countries which have been running current-account deficits, that means buying less from the rest of the world and selling more.
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Its currency is now more fairly valued and its current-account surplus has narrowed, removing a bone of contention with the IMF.
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All had seen their current-account deficits shrink in the past three years, making them less dependent on foreign inflows of capital.
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The Swiss and the yen are often sought in times of geopolitical tension partly because both countries have big current account surpluses.
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Pakistan wants to attract investment and other financial support to tackle a soaring current account deficit caused partly by rising oil prices.
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The IMF expects Tajikistan's current account deficit to widen to 5.2% of gross domestic product this year, from last year's estimated 4.5%.
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He favors the Singapore dollar due to the central bank's recent tightening and the Thai baht for its higher current account surplus.
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These they explained are marked by factors such as a widening current account deficit, falling portfolio inflows and a deteriorating fiscal position.
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The U.S. current account deficit narrowed in the second quarter as exports and income from abroad rose, government data showed on Thursday.
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Foreign-currency reserves are comfortable but will decline to 5.7 months of current account payments in 2017, down from 6.3 in 0003.
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Interest rates and conditions on housing loans are more important than current account fees for most customers when they choose between banks.
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But Mr Owen points out that Britain needs foreigners to finance its current-account deficit, which was 3.9% of GDP last year.
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For more detail on current account data, please click on: here ($1 = 0.8339 euros) (Reporting by Balazs Koranyi; Editing by Francesco Canepa)
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Trump has pointed to this as a reason not to believe McCabe's current account, and accused him of political bias more general.
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Loot, the digital current account aimed at students and millennials, has called in administrators after appearing to have run out of cash.
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In the first quarter of 2018 China ran a current-account deficit, its first since joining the World Trade Organisation in 2001.
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China's current-account deficit in the first quarter was exaggerated, since exports tend to be subdued at the start of the year.
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For that reason, their large fiscal deficits have not translated into equally large current-account deficits with the rest of the world.
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Current account for the first quarter, producer prices and raw material prices data for April are due at 21.31:30 a.m. EDT.
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The bank will offer an interest of 4 percent a year on savings accounts and also provide current account facility to merchants.
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The current account gap represented 2.5% of gross domestic product in the January-March quarter, down from 2.8% in the fourth quarter.
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German government officials have repeatedly said that Berlin's fiscal and economic policies are not primarily designed to influence the current account balance.
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A narrower government deficit and strong current account surpluses in recent years have allowed a decline in government and net external debt.
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The 2015 current account surplus rose to USD65.8bn from USD10bn a year earlier, according to preliminary Central Bank of Russia (CBR) data.
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It rose 0.2 percent versus the dollar as data showed the current account deficit narrowing in October while third quarter growth accelerated.
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Tresca said this suggested previous measures put in place to cap consumer demand and curb the current account deficit were being relaxed.
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Current account figures released on Thursday showed the deficit had increased in June by more than forecast due to falling tourism revenues.
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Locally, the focus this week will be on fourth-quarter current account data and monthly consumer inflation, both due out on Wednesday.
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Intesa clients told Reuters they had been offered insurance products, in one case in return for better terms on their current account.
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Fitch estimates that the current account swung into a large deficit in 2015, with oil export revenue down by more than 40%.
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At the heart of the rising trade policy tensions between the United States and Germany is the latter's external current account surplus.
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The current account deficit is expected to narrow to 4.8 percent of GDP in 2019 from an estimated 4.9 percent in 2018.
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A current account surplus occurs when the total value of goods, services and investments that a country exports exceeds what it imports.
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Fitch forecasts that net external debt will fall over the forecast period due to robust FDI and smaller lower current account deficits.
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Warjiyo said policies will be maintained towards controlling the country's widening current account deficit and keeping its financial assets attractive for investors.
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The lira crisis has also spread to some other emerging market countries with weak economic fundamentals such as sizable current account deficits.
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But for all intents and purposes the product serves all current account needs and can operate as a fully-fledged bank replacement.
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We see a current account surplus and we see a growth in gold in the foreign currency reserves of the Central Bank.
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Britain's current-account deficit, at an all-time high of 7% of GDP, will be an obvious weakness if Britain votes Leave.
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Security incidents have dealt a blow to tourism inflows in 2015-16, while other lines of the current account have also struggled.
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The Swiss and Japanese currencies are often sought in times of geopolitical tension partly because the countries have big current account surpluses.
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The ECB earlier said it expected the current account surplus to decline somewhat this year, partly on higher commodity - especially oil - prices.
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Typically, a more positive current account balance supports a country's currency because it means the nation is less dependent on foreign currencies.
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On a day-to-day basis, which excludes capital spending, the British government posted its first current account surplus since 2001/2002.
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Once a customer receives a code, they are able to set up a current account, and receive updates on a frequent basis.
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She said that looking forward the bank would expand its current account infrastructure and was exploring the possibility of multi-currency accounts.
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For more detail on current account data, please click on: here ($1 = 0.8690 euros) (Reporting by Balazs Koranyi; Editing by Gareth Jones)
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Italy is expected to run a current account surplus of 2.6 percent of GDP this year, according to the International Monetary Fund.
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No, no, falling sterling creates inflation, inflation squeezes real incomes, consumption comes down, imports come down and the current account rectifies itself.
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Besides, the widespread Chinese assumption was that talk of a trade war was sparked by the President's obsession with current account deficits.
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For 2019, the current account deficit is projected to be a higher proportion of GDP than that registered in 2018, it added.
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The company has faced criticism and rebuke for the rollout of its current account in the US as reported by Business Insider.
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It said it expects the 2018 current account deficit at 2.0 percent of GDP, down from its previous estimate of 2.4 percent.
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The currency bloc's adjusted current account surplus narrowed to 25.5 billion euros in December from a revised 26.9 billion a month earlier.
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Zhou said the country's imports and exports have risen rapidly, its current account surplus has narrowed and fiscal income has kept growing.
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Since the manipulating countries were making excessive net purchases of foreign currencies, the current account balances of non-manipulators continued to worsen.
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Meanwhile, the U.K.'s current account deficit was £18.4 billion in the last quarter of 2017, lower than what analysts had expected.
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Japan's current account surplus is in part backed by a rise in savings for the future as the population ages, he said.
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Derrick pointed to the G214 wording on exchange rate 'flexibility' in Dubai, 21980, and 'global current account imbalances' in Boca Raton, 280.
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The country's current account deficit, a broad measure of the imbalance between imports and exports, has soared to an alarming $18 billion.
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Concerns over Britain's current account deficit and uncertainty over the country's trading relations after Brexit have exacerbated the pound's declines, he said.
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The central bank initially wanted to bring the current account deficit down to 2.5% of GDP this year, from 3% last year.
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Germany, Europe's largest economy, ran the world's largest current account surplus (which measures the flow of goods, services and investments) in 2019.
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Despite a mild rebalancing, the current-account surplus still stands at a whopping 7.4% of GDP in the world's fourth-largest economy.
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Data also showed that a steep decline in the Brazil's trade surplus contributed to its widest current account deficit in four years.
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Fitch estimates the current account deficit narrowed to 4.3% of GDP in 2015, from 7.3% in 2014, despite the drop in remittances.
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Russia's central bank said earlier this week that the current account deficit was $0.3 billion for the April-June period this year.
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But on the other, it would also put "negative pressures" on the current account deficit, which would be a drag on growth.
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Lebanon has long relied on inflows into its banking sector from a large diaspora to finance its budget and current account deficits.
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The current account deficit is actually expected to narrow from recent record levels, thanks to the sharp fall in sterling since June's referendum.
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Indonesia reported a current account deficit of 2.6% of GDP in the first quarter this year, while inflation stood at 2.83% in April.
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India's government has long tried to wean citizens off gold, almost all of which the country imports, contributing to the current-account deficit.
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"Many countries' current account deficits have been affected by high oil prices," IEA chief Fatih Birol said at an energy conference in Singapore.
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The government expects the current account surplus, which stood at 8.3 percent of output in 2016, to fall to 8 percent by 2018.
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The current account deficit is expected to narrow to 23.7% in 3.33 and 23.3% in 28.87, from 28% in 2018, the bank said.
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Thanks to them Germany has run the world's biggest current-account surplus since 20053, last year just shy of $300bn (7.3% of GDP).
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In a separate paper it presented evidence that the growing current-account surplus was accompanied by increasing income and wealth inequality (see chart).
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Fitch forecasts foreign-reserve coverage will rise to 123x current account payments by end-2016, still well below the 'BB' median of 4.3x.
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That helped shrink Australia's current account deficit to A$10.7 billion, even as the country's net foreign debt ballooned to A$1.04 trillion.
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That helped shrink Australia's current account deficit to A$10.7 billion, even as the country's net foreign debt ballooned to A$1.04 trillion.
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The current account deficit is expected to remain close to 2% of GDP during 2017-2019, which will be fully financed by FDI.
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For the latest 12 months, the current account surplus widened to 3.4 percent of the bloc's GDP from 3.1 percent a year earlier.
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Chile also posted a current account deficit of 4.5 percent of GDP in the third quarter, equivalent to $2.77 billion, the bank said.
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Gundlach said if the budget deficit and current account deficit increase, that could be a precursor for a further decline in the dollar.
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Fitch has urged measures to stabilize government debt and tackle the current account deficit, which it estimates will be above 4% of GDP.
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Whatever current-account deficits remained would be easy enough to finance, given bullish investors' eagerness to lend to the fast-growing emerging world.
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The experience of other emerging economies over the past 20 years shows that current-account deficits can be as treacherous as fiscal deficits.
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Data on Tuesday showed the trade surplus ballooned in February, nudging Australia nearer to its first current account surplus since the mid-1970s.
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Meanwhile, Japan continues to run a rather large budget deficit; were it not for that, it's current-account surplus would likely be larger.
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This reflects the accumulation of current account surpluses and lower private sector external debt, stemming in part from reduced parental funding for banks.
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"The current account deficit is the mirror image of our borrowing from the rest of the world," said CBA chief economist Michael Blythe.
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As I noted in a commentary for the Financial Times, the quarter-century era of large surpluses in China's current account is over.
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Meanwhile, Japan's May current account surplus stood at at 1.81 trillion yen ($17.96 billion), falling 3.72 percent from a month earlier, Reuters reported.
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It also lowered the current account surplus threshold from 3 percent of GDP to 2 percent, suggesting an expanded list of countries surveyed.
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Canada runs a current account deficit so its economy could be hurt by a slowdown in the global flow of capital or trade.
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The credit that fuelled the boom—much of it from abroad, pushing the current-account deficit to 6% of GDP—is drying up.
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The current account deficit for 2015 was revised down to 5.0 percent of gross domestic product from a previously announced of 5.4 percent.
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America has been running current-account deficits since the early 1980s, therefore its currency is overvalued and a weaker dollar would be better.
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But the highest score of all goes to Switzerland, by dint of its whopping current-account surplus and its hefty foreign-currency purchases.
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For the latest 12 months, the current account surplus widened to 3.2 percent of the bloc's GDP from 3.0 percent a year earlier.
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America's current-account deficit widened to $117bn in the first quarter of this year, up by 2.4% from the last quarter of 2100.
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Over the past two years, Turkey's current account deficit has widened due to increasing government incentives to boost the economy and defense spending.
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These factors are balanced against weak development and governance indicators, and high general government debt and current account deficits relative to peer medians.
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EGYPT'S CURRENT ACCOUNT DEFICIT WIDENS TO $7.6 BLN IN FIRST NINE MONTHS OF FY 2018/19 FROM $5.47 BLN A YEAR PRIOR - C.BANK
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Allowing floating exchange rates to depreciate can help to improve competitiveness, narrow current account deficits, preserve foreign currency reserves and improve fiscal positions.
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Egypt is running deficits on its current account of $6bn a year (or about 2.4% of GDP) that it covers by borrowing abroad.
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London-based Capital Economics said more cuts were unlikely to follow because Uganda's current account deficit remained a risk for the local currency.
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"Big current account surpluses could (also) support the forint, just like the arrival of delayed EU fund inflows," said Takarekbank analyst Andras Horvath.
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Emerging-market commodity exporters' fiscal revenue is likely to be USD23530trn lower in 21103 than in 21, and current account receipts USD2646trn lower.
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S&P also raised concerns over the economy's external weaknesses, in particular Australia's persistent current account deficits and high level of external debt.
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Japan's trade and current account surpluses with the United States will be closely watched as U.S. President Donald Trump pursues protectionist trade policies.
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The finance ministry said the current account, which stood at 8.3 percent of output in 2016, would fall to 8 percent by 2018.
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Halving the trade shortfall with China would be enough to eliminate India's overall current-account deficit, and thus the need for external financing.
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Both currencies tend to do well during times of financial market stress, since Japan and the euro zone usually run current account surpluses.
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For the latest 12 months, the current account surplus was 3.1 percent of the bloc's GDP, up from 2.8 percent a year earlier.
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In March, the International Monetary Fund estimated Iran was running a current account surplus and had over $100 billion of gross official reserves.
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The country's high structural current account surplus (7% of GDP on average over 2011-2015) has supported the country's net external creditor position.
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After downloading the Countingup for iOS or Andriod, you'll be able to open a current account on your smartphone in around 5 minutes.
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Earlier, data from the ECB showed that the euro zone's current account deficit slipped to its lowest level in a year in January.
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This current account surplus well exceeded that of much-maligned China, which amounted to around $245 billion, or around 3 percent of GDP.
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For 2018, China's final current account surplus came in at $49.1 billion, equivalent to 0.4 percent of gross domestic product (GDP) last year.
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The final current account surplus for 2018 came in at $49.1 billion, while the final capital and financial account surplus was $111.1 billion.
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Without such inflows, the Chinese yuan would come under pressure as structural changes within China are expected to shrink its current account surplus.
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The persistent current-account deficit and large stock of government securities held abroad continue to make Indonesia sensitive to shifts in market sentiment.
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More demand from China will boost oil prices, and lift the Southeast Asian nation's current account surplus since it's a palm oil exporter.
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The Trade Enforcement and Trade Facilitation Act details several consequences for nations that have devalued their currency and have large current account surpluses.
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Financing Britain's current account deficit, the biggest of any major economy, hinges on providing a predictable business environment, BoE Governor Mark Carney said.
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The country has returned annual current account surpluses each year since 2003, and in 2015 posted a record surplus of 4.6% of GDP.
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Growth has halved since 2014, and Ghana is running a budget deficit of 9% of GDP and a current-account deficit of 43%.
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Brazil posted a $2.4 billion current account deficit in November, wider than the $1.8 billion median estimate in a Reuters poll of economists.
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His government faces large budget and current-account deficits (almost 12% and 7% of GDP, respectively), as Egypt's foreign reserves run perilously low.
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For all of 2018, the current account deficit averaged 2.4 percent of GDP, the biggest share since 2012, from 2.3 percent in 2017.
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Policymakers hope another increase will help firm inflation expectations and bring down the nation's bloated current account deficit, considered the economy's biggest vulnerability.
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Most OPEC members, including Saudi Arabia, want to see higher oil prices to boost revenues and close their budget and current account deficits.
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That Britain is running a record current-account deficit, which has to be financed by capital inflows, makes it all the more vulnerable.
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For the latest 12 months, the current account surplus widened to 3.2 percent of the bloc's GDP from 3.1 percent a year earlier.
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What it does mean is that U.S. trade and current account deficits are not inherently "bad," nor an indication of U.S. economic weakness.
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The liabilities Britain has taken on to finance its cumulative current-account deficits are largely made up of equity and long-term debt.
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Turkey's current account deficits averaged $4.75 billion a month for the last three months, the widest since 2013, according to data from Macquarie.
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Enver Erkan, economist at Tera Investment, said the current account surplus is expected to decline and turn to a deficit in coming months.
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The current account surplus narrowed to 14.3 billion ringgit ($3.42 billion) in the second quarter, from 16.4 billion ringgit in the first quarter.
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But she added that most developing countries now have much better economic fundamentals, with sizable current account surpluses and strong foreign exchange reserves.
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For the latest 12 months, the current account surplus widened to 3.3 percent of the bloc's GDP from 3.1 percent a year earlier.
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Countries that it cited as having excessive current account deficits — those that borrow too much — included the United States, Britain, Turkey and Argentina.
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The current-account surplus has been narrowing, but is likely to remain in a surplus of close to 1% of GDP in 2016.
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For the latest 12 months, the current account surplus rose to 3.0 percent of the bloc's GDP from 2.4 percent a year earlier.
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Meanwhile, at almost 85033 percent of GDP, Germany's current account surplus is a large multiple of China's sub-2 percent-of-GDP surplus.
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Ismail said the problems hitting Pakistan's economy were not linked to debt but rather to current account problems, which was not China's fault.
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While the economy is growing at 5.8 percent, the fastest pace in 13 years, pressures on Pakistan's current account show no signs abating.
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The British company is now valued at £280 million ($336 million) and said it now has more than 20,000 current account holders. 7.
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The current account is the most complete measure of trade because it includes investment flows in addition to trade in merchandise and service.
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Credit ratings agency Moody's has warned about rising pressure of higher oil prices and interest rates on government finances and India's current account.
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A $10 decline over six months widens the current account deficit by around 0.4 percentage point as a share of GDP, they estimate.
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Emerging market currencies have been battered by a strengthening U.S. dollar, especially those economies running current account deficits, such as India and Indonesia.
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While the twin fiscal and current account deficits suggest a weaker dollar longer-term, fundamentals in the near-term may be more supportive.
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For all of 2018, the current account deficit averaged 2.4 percent of GDP, the biggest share since 2012, from 20173 percent in 2017.
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This amid a widening current account deficit and inflation at more than 15 percent means Erdogan cannot afford a blow like U.S. sanctions.
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In terms of data, euro zone current account numbers showed Friday morning a wider account surplus in November compared to the previous month.
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BANGKOK, Nov 29 (Reuters) - Thailand's October current account surplus was $2.91 billion versus $3.53 billion in September, the central bank said on Friday.
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The current account deficit was one reason given by Standard & Poor's last month for lowering its outlook for Colombia to negative from stable.
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Thanks to them Germany has run the world's biggest current-account surplus since 2016, last year just shy of $20053bn (7.3% of GDP).
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In 2018, Greece's current account showed a deficit of 5.3 billion euros, up 2.1 billion year-on-year as the trade gap widened.
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He pointed to the greenback's correlation with the U.S. twin deficits — current account and budget balance — which signals a depreciation in the dollar.
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The rupiah is one of the worst-performing Asian currencies this year as investors flee emerging markets with current account and fiscal deficits.
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The country posted an $8.7 billion current account deficit in the third quarter, up from $2.9 billion in the same period last year.
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It also forecast that the current account deficit would narrow to 2.7% of GDP for 2019, down from 3% of GDP in 2018.
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The current account surplus increased to 8.5% of GDP in 2016, from 8.3% the year before, largely due to positive terms of trade.
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The worsening U.S. trade and current account deficits are one reason why Credit Suisse holds a bearish view on the greenback, noted Sweeney.
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Capital outflows last year were significantly lower than in 2014, while the current account surplus grew as imports contracted more sharply than exports.
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Last year, Greece's current account showed a deficit of 5.3 billion euros, up 2.1 billion year-on-year as the trade gap widened.
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The current account deficit is expected to narrow to 5.1% in 2019 and 3.6% in 2020, from 5.5% in 2018, the bank said.
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The study also appeared to dismiss the U.S. administration's claim that countries running big current account surpluses may be using unfair trade practices.
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Many reckon the dollar will decline less than during the 2002 steel wars - its current account gap is smaller and growth is stronger.
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The accounts are available to customers who do not have a bank account or are ineligible for a given bank's standard current account.
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"In the first four months of the current fiscal year, the current account deficit contracted by 73.5% to US$ 1.5 billion," it added.
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The current account in December had a deficit of 0.2 billion euros ($0.2 billion), putting the full-year surplus at 0.2 billion euros.
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" Schmieding further explained that big current account deficits coupled with high levels of foreign currency debt can be a "recipe for a crisis.
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