'Massive swing in current account takes toll on economy' – Financial Express

‘Massive swing in current account takes toll on economy’ – Financial Express
Financial Express’Massive swing in current account takes toll on economy’Financial ExpressFor an economy which is a net consumer, like the PIIGS nation of the Euro zone, if they see their current account balances flip like they have done, between 5-16% change towards surplus, it is an indication of a massive deceleration of economic activity.
‘Massive swing in current account takes toll on economy’ – Financial Express