Current Account Deficit Quotes & Sayings

Sometimes, if a country's currency is overvalued in real terms, and it looks like the current account is going to be in deficit for the foreseeable future, devaluation can make sense. — Klaus Schwab

The fears of recession in the aftermath of Black Monday have turned to fears of the economy racing ahead too fast, with inflation edging up and a substantial current account deficit ... people understandably feel more confident about their future than they've done for decades, but as a result they have been borrowing more and saving less ... coming on top of a massive income investment boom, it's all been just a bit too much of a good thing. — Nigel Lawson

With uncertainty in oil markets, a buildup of speculative pressures and the large U.S. current account deficit, there is a real possibility that Paulson's crisis-management skills will be tested. — Lawrence Summers

But because we in the United States finance our current account deficit by borrowing in our own currency, we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries. — Martin Feldstein

Well, the U.S. is running a current account deficit; we are creating lots of investment opportunities in the United States that exceed our own domestic savings rates, so the issue here is to encourage higher savings rates in the United States. — John W. Snow

The United States as usual has a sizable deficit in the current account of its balance of payments, trade account and other current accounts, current account items. — Robert C. Solomon