Current Account Deficit Quotes

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Current Account Deficit Quotes

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 theyve done for decades, but as a result they have been borrowing more and saving less ... coming on top of a massive income investment boom, its all been just a bit too much of a good thing.
— Nigel Lawson —

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

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