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current account |
Also found in: Legal, Financial, Acronyms, Wikipedia, Hutchinson | 0.01 sec. |
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current account Economics that part of the balance of payments composed of the balance of trade and the invisible balance How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| By artificially keeping the Chinese currency cheap through exchange market manipulation, China's external current account surplus is now set to become the largest in the world at a time when it is enjoying very strong long-term capital account inflows. Japan's current account surplus last year after all came to $172 billion. All these factors have improved Latin America's health to the point that the region posted a current account surplus in 2003, the first time in 50 years. |
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