Current Account

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Related to Current account balance: balance of payments, Current account deficit

Current Account

A detailed financial statement representing the debit and credit relationship between two parties that has not been finally settled or paid because of the continuous, ongoing dealings of the parties.

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A decline in investment income, a jump in net service outflows and relatively solid growth in worker remittances, also weighed on the current account balance. Investment income fell to its lowest level in just over a year in 1Q17, while net services outflows climbed to a multi-quarter high of KD1.6 billion during the same period.
It also projected that the current account balance shortage will increase to 4.8% of the GDP in FY 2015/2016 compared to 3.7% in FY 2014/2015, forecasting that it will reach 4.3% of the GDP in FY 2016/2017.
This is important because, if Duterte has already withdrawn the money before Monday, then the total amount of transactions would not be reflected on the current account balance, said the senator, who is running for vice president.
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.
"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."
There are no available indications to suggest any improvement in the current account balance in the second half.
The current account balance maintained its surplus trend for 10 straight months through November due to faster expansion in exports than imports, indicating that the South Korean economy may begin to escape from the so-called recession-type surplus.
Quoting the Bangladesh Bank (BB) data, the official who preferred to be unnamed said the current account balance showed a surplus of 754 million U.S.
Only one in 20 people said they know their current account balance to the nearest pounds 500.