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a current account deficit; a negative net flow of liquid assets to the citizens of a particular country. The external balance includes the trade balance, net foreign factor income, and net foreign aid *received*. Usually the main cause of an external deficit is a trade deficit.
Internal deficits are sometimes blamed for external deficits, especially if both are chronic.
by Abu Yahya February 14, 2009
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Apr 21 Word of the Day
I've been jabbed
by Francesco II March 20, 2021
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