We estimate shocks that explain most of the variation in the current account at business cycle frequencies and over the long run. We then explore, using a standard open-economy macro model, which ...

China’s reported current account surplus rose from $55 billion in the second quarter of 2024 ($220 billion annualized, or just over a percentage point of GDP) to $148 billion (just under $600 billion ...

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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 ...

Since 2002, the U.S. has seen the emergence of twin deficits—that is, a growing budget deficit along with a growing current account deficit, which reflects increasing U.S. borrowing from abroad. To ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. A single current account caters to all ...