China’s reported current account surplus rose from $55 billion in the second quarter of 2024 ($220 billion annualized, or just over a percentage point of GDP) to $148 billion (just under $600 billion ...

In the second quarter of 2024, China reported a customs surplus of $250 Billion, a services deficit of $60 billion—and a current account surplus of only $50 billion. The gap between the current ...

We estimate shocks that explain most of the variation in the current account at business cycle frequencies and over the long run. We then explore, using a standard open-economy macro model, which ...

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Using a savings account for business may lead to bank scrutiny and compliance problems. Current accounts offer higher transaction limits and smoother business operations. Separate business and ...

The RBI has introduced a stricter current account framework effective from 1 April 2026, tightening controls for businesses with borrowing of Rs 10 crore or more. Only lenders holding at least 10% of ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. A single current account caters to all ...