6.4.2 - Causes of current account deficit and surplus
Unit 6.4.2 - Causes of current account deficit and surplus For this section of the Cambridge IGCSE Economics (0455) syllabus, students need to understand the reasons for deficits and surpluses on the current account of the balance of payments. A current account deficit exists if a country's import expenditure exceeds its export earnings. In general, a current account deficit has negative impacts on the domestic...