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current account
(redirected from Current account deficit)

    Also found in: Legal, Financial, Acronyms, Encyclopedia, Wikipedia 0.03 sec.

current account

In economics, that part of the balance of payments concerned with current transactions, as opposed to capital movements. It includes trade (visibles) and service transactions, such as investment, insurance, shipping, and tourism (invisibles). The state of the current account is regarded as a barometer of overall economic health. In some countries, visibles make a large contribution to the current account and may more than offset trade deficits.



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? Mentioned in ? References in periodicals archive
 
current account deficit is substantial, both in size and as a share of GDP.
The Bush economy: TIE sat down with Richard Clarida, the Bush ... by Clarida, Richard H. / The International Economy
The current account deficit ceased to be an object of monetary policy, and inflation became implicitly the RBA's sole objective.
Australia's Money Mandarins: The Reserve Bank and the Politics of ... by Jones, Evan / Pacific Affairs
trade balance, and you get a current account deficit that reached $665.
Viewpoint by Hillgren, Sonja / Farm Journal
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