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But they do not explain the geography of current-account deficits.
Britain has a budget deficit of 5.5% of GDP and a current account deficit of 4.8% of GDP.
We need that capital because of the huge current account deficit this country is running.
For the first nine months of this year, the current account deficit totals $104.73 billion.
But it also represents the financial consequences of the U.S.' current account deficit.
Result – a current account deficit of 7% of GDP.
The UK ran a current account deficit of 3.5% of national income in 2012.
For instance Spain reached a current account deficit of 10%% of GDP in 2007.
This recovery starts with a current account deficit of more than 3% of national output.
He was worried about the unsustainability of a low savings rate, government deficit and current account deficit, none of which caused our current crisis.
This all adds up to a current account deficit of £92bn.
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