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National Saving

The Current Account "Deficit" Is the Messenger: Don't Shoot It.

Laurence J. Kotlikoff | Posted 05.25.2011 | Business
Laurence J. Kotlikoff

The current account deficit is not something, per se, that countries should be worried about. Indeed, the word "deficit" is a misnomer. What a country's current account measures is the net amount of resources foreigners are investing in the country.