THERE APPEARS to be a broad consensus across the different sectors of our society that fiscal deficits are to be avoided.

There can be consequences when the amount a country spends abroad is wildly different from what it receives from the outside world The current account balance seems to be an abstruse economic concept.

The current account measures how much a country earns and spends with the rest of the world. When earnings from exports, services, and remittances exceed spending on imports and payments abroad, it ...

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In the second quarter of 2024, China reported a customs surplus of $250 Billion, a services deficit of $60 billion—and a current account surplus of only $50 billion. The gap between the current ...