deficit on capital account

基本解释

Whether a current account deficit is unsustainable depends on the type of and the reason for capital inflows.
经常账户赤字能不能持续下去取决于资本流入的类型和原因。

What one can say, however, is that global economic stability calls for a gradual reduction in America's enormous current-account deficit (and its consequent heavy demands on the global capital market).
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America, in turn, has been overly reliant on foreign capital inflows, so as to finance its record current-account deficit.
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According to Martin Neil Baily, a senior fellow at the Peterson Institute for International Economics in Washington, the "striking thing" about last year's report was that it painted a rosy view of the trade imbalance by focusing on the capital account surplus, rather than its inverse, the current account deficit.
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