The UK has experienced an extraordinary deterioration in its
current account balance in recent years.
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 question of whether capital flows determine the
current account balance or, conversely, the
current account balance determines the capital account is moot, since both measure exactly the same process.
For instance, oil price increase deteriorates
current account balance of developing countries [OECD (2004); Rebucci and Spatafora (2006); Killian, et al.
The income account surplus shrank in August, but it is expected to grow again with the yen falling and the global economy recovering," Takeshi Minami, chief economist at the Norinchukin Research Institute, said, adding Japan's
current account balance "is likely to improve ahead.
The South Asian country's
current account balance, which stood back in positive in November after entering the negative territory in October for the first time in about seven years, maintained its surplus trend so far this year, thanks to the remittance inflow and increase in export.
The
current account balance moved into a surplus of 0.
Current account balance will remain positive to stood at +6.
Economist also predicted that Iran's
current account balance to stand at $11.
current account balance, which is completely opposite to the standard theoretical predictions.
Japan's
current account balance, weighed down by falling exports, has plunged to its worst ever deficit.
They will get messages when their
current account balance reaches certain levels set by them so they know when their wages reach their account as well as when balances dip to a pre-set level.
