For others like Pakistan, free trade has led to persistent current
account deficits and plummeting exchange rates.
Account Surpluses and Net Creditor Position Reflect Strong External Accounts
The country also runs persistent current
account surpluses, albeit not quite as pronounced as in Thailand and gradually declining since 2011.
This was a sweeping statement ignoring the ground realities with regard the carry over huge foreign debt liabilities and persistent current
account deficit during the next few years.
While higher than that of other emerging and developing countries, it remains insufficient to address the structural challenges of persistent current
and fiscal deficits and debt vulnerability.
Pakistan's foreign reserves declined owing to persistent current
Foreign exchange reserves have declined due to persistent current
account deficits, which have widened over the past two years.
'It is the relentless phenomenon in South Asian economics as they are facing persistent current
deficit from a couple of decades.
Mapa last week told reporters that he expects the peso to average 54.45:$1 next year on expectations of a persistent current
account deficit due to a wide trade deficit.
account deficit is defiantly not good for the economy as it shows certain fundamental weakness in the economic system.
Net external debt is high relative to peers, but on an improving trend due to persistent current