'The current account
deficit has dropped but it still remains elevated,' Arif Habib Limited Head of Research Samiullah Tariq said while talking to The Express Tribune.
Earlier on June 16, Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh had said that due to effective measures taken by the government, current account
deficit had shirked to $7 billion during past few months.
Guinigundo said it was not a surprise that current account
is growing because of an expanding economy, in fact the Philippines - despite a lower-than-expected first quarter GDP increase of 5.6 percent - remains to be one of the fastest growing economies in the region.
Despite the some improvement in the current account
and a noticeable increase in official bilateral inflows.
Customers who opened either an Everyday current account
or an Essentials current account
between February 1 2018 and February 20 2019, and who went into unarranged overdraft, did not receive an alert warning them of the possibility of charges.
"Despite the improvement in the current account
and a noticeable increase in official bilateral inflows, the financing of the current account
deficit remained challenging.
An economy's current account
is the largest and most consistent part of its balance of payments (BoP).
The current account
is the balance of exports and imports of goods and services and income balances.
In this context it is explained that the current account
deficit for the month of November, 2018 stood at $ 1.25 billion which is showing an improvement of 28 percent when compared to $1.74 billion in month of November 2017.
Massive current account
deficit inherited by the PTI government has forced it to approach several countries as well as international donors like the International Monetary Fund (IMF) to borrow about $12bn for meeting the gap.
Tribune News Network Doha Indonesia, Thailand, Malaysia, the Philippines and Vietnam who we refer to in aggregate as ASEAN-5 are a mixed bag in terms of their current account
positions, Qatar National Bank (QNB) said in its weekly report.
Mirroring America's massive current-account deficit, China's current account
went from relative balance in 1980 (+0.1% of GDP) to a massive surplus of 9.9% in pre-crisis 2007.
The current account
surplus of Azerbaijan's balance of payments in 2017 amounted to $1.7 billion, according to the balance of payments of the Central Bank of Azerbaijan (CBA), published on March 31.
New Delhi: India's current account
deficit is likely to be around 1.7 percent of GDP in this financial year, largely owing to higher oil prices, as per a report.
For starters, because the current account
reflects the difference between a country's savings and investment, Germany is assumed to be saving too much and investing too little.