Private Current account

So... checking account.

Current account balance

Current account (billions of dollars) c

For them, the Chinese current account surplus and its mirror image, the US current account deficit, are the central problem.

And, despite a more competitive exchange rate, the US continues to run a large current account deficit.

These countries combined current account deficit matches Germany s surplus almost exactly. (The eurozone s aggregate current account with the rest of the world is balanced.)

Leading Bush administration officials used to talk of the US current account deficit being a gift to the outside world.

In Spain, the counterpart to the current account deficit was private sector borrowing.

although this would be an asset for him is a checking account.

As these countries posted current account deficits, northern European countries accumulated current account surpluses, exposing a widening competitiveness gap.

Much is made of Germany s large current account surpluses.

What makes this perverse is that Germany runs a huge current account surplus.

They argue that current account balances reflect national savings and investment rates.

b Current account items only, based on the official unadjusted claims.

Germany had a current account surplus of 2.1 of GDP at the time, while Japan s was 4.4 .

An increase in gold imports placed further pressure on the current account balance.

The current account deficit has been almost eliminated, and the banking crisis contained.

Germany now has a current account surplus of about 215 billion a year, while the rest of the eurozone is running a current account deficit of about 140 billion.

The counterargument hinges on the difference between the current account deficit and the trade deficit.

An economy s current account is the difference between its investment rate and its savings rate.

The deterioration in the region apos s overall current account took place despite its improvement in the non oil economies.

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Since a country s current account surplus is the difference between its national saving and its national investment, China s current account surplus is likely to continue to shrink in the coming years.

The world s current account balances must ultimately sum up to zero.

For a few years, imports surged, and by 1995 a sizeable current account deficit had developed.

Since the Vietnam War, US budget deficits, money creation, and current account deficits have often been high.

And with that lower saving rate will come a smaller current account surplus.

The problem of current account imbalances is closely linked to the existence of a world savings glut.

The cyclical component, for instance, should be self adjusting as the relevant cyclical forces abate if oil prices decline, the United States current account deficit should narrow.

And here in PB 2, let's say these are deposited in a chequeing account.

Third, the net flow of capital is from emerging markets to the US this is what it means to have current account surpluses in emerging markets and a deficit in the US.

The US current account deficit has been narrowing in recent quarters, thanks to export growth.

SINGAPORE These days everyone seems to want to run a current account surplus.

Not surprisingly, those economies with current account deficits are feeling the heat first.

Delay has made current account rebalancing via RMB appreciation costly.

Thus, in order to keep the current account deficit stable, the trade deficit must shrink.

Germany s enormous current account surplus aggravates their problems further.

On top of this is the almost certain unwinding of global current account imbalances.

The second reason is that nothing has been done to address the problem of current account imbalances.

The effect is greater when modest deficit and debt levels are exceeded and current account deficits are large.

. South Africa apos s current account deteriorated in 1992, owing largely to the drought.

Since China s external surplus is already down to less than 2 of GDP, a decline in domestic saving could result in China beginning to run a current account deficit.

Much of this rise stems from growing prosperity and current account surpluses in middle income countries.

The US alone ran a current account deficit of 739 billion (5.3 of its GDP).