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Indonesia also has a large current account deficit.
In economies that have run large current account deficits, national savings will need to increase.
The large current account deficit made maintenance of that system increasingly difficult.
Unlike most of its Asian peers, India routinely runs large current account and fiscal deficits.
As a result of its large current account deficits, the United States accumulated large overseas debts.
Second, the UK now has a very large current account deficit – much larger, relatively, than in 1992 or 2008.
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By itself, a large current-account deficit does not foreshadow a currency crisis.
It has large current-account and budget deficits, and subsidises the prices of kerosene and diesel.
The world seems to be running a large current-account deficit with itself (see article).
Or, perhaps, southern European countries should run large current-account surpluses.
Year after year, they point out, it runs large current-account surpluses.
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