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Current account deficit figure tolls a warning

The current account figures out this morning should cause a few knotted eyebrows.The deficit for the 2009 calendar year shrank to 2.9% of GDP. It has been slowly shrinking since 2006 when it almost hit 9% of GDP.So the trend is in the right direction &nda

Rob Hosking
Wed, 24 Mar 2010

The current account figures out this morning should cause a few knotted eyebrows.

The deficit for the 2009 calendar year shrank to 2.9% of GDP. It has been slowly shrinking since 2006 when it almost hit 9% of GDP.

So the trend is in the right direction – it just isn’t going far or fast enough. The

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Rob Hosking
Wed, 24 Mar 2010
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Current account deficit figure tolls a warning
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