Does a current account deficit matter?

Wednesday, May 07, 2008
by Geoff Riley

Yes according to economist Roger Bootle writing in the latest edition of the Deloitte Economic Review and reported in this article from the Financial Times.

“Britain is headed for its highest peacetime current account deficit and both household and government spending will have to slow painfully to correct it, according to economist Roger Bootle”

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Posted to A2 Macro • AS Macro • Balance of Payments • UK Economy
Tags: consumption, trade, balance of payments, trade deficit, sterling, roger bootle
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