The IMF report, however, noted that global
current account balances were broadly unchanged in 2017, with minor shifts in some regions.
Summary:
Current account balances rose and deposits with foreign banks strengthened, according to central bank figures
The BOP and
current account balances reverted to deficits after nine years of straight surpluses in the case of the BOP, and 13 years of surpluses for the current account.
The ratings agency said in its annual "The Middle East and North Africa (Mena) sovereign outlook" report that while "most net importers are presented with benefits from improving external
current account balances and lower fiscal spending on subsidies lower oil revenues will adversely affect net oil exporters' fiscal and external positions with varying degrees of pressure across GCC countries."
The ratings agency said in its annual "The Middle East and North Africa (Mena) sovereign outlook" report that while "most net importers are presented with benefits from improving external
current account balances and lower fiscal spending on subsidies, lower oil revenues will adversely affect net oil exporters' fiscal and external positions, with varying degrees of pressure across GCC countries."
"We expect net energy importers India, Thailand, Philippines and Singapore to record more positive
current account balances than previously.
But what is actually the causal relationship between public capital exports and
current account balances? The first thing is to realize the equivalence that exists between the overall capital flows, whether public or private, and the
current account balance.
Core inflation remains low, and the fiscal and
current account balances are sustainable," IMF Deputy Managing Director Nemat Shafik said in a statement.bne/Reuters
Equations (3.1)-(3.3) present the mean equations of
current account balance, government budget balance, and real interest rates as a three-variable VAR system with lag length of p, where CA, GB, and RI denote
current account balances, government budget balance, and real interest rates, respectively.
Globally,
current account balances must sum to zero.
Despite Londoners maintaining the highest
current account balances, they also rack up the biggest overdrafts, with the average in the city being pounds 961.
But the BOJ under Hayami had consistently resisted this pressure, believing there was already excess liquidity available to financial institutions, which could not or would not use the excess funds they already had (as huge
current account balances at the BOJ).
