deficits key concern for next PH president The next CEO of the Philippines will have to grapple with “twin deficits” that may return this year, as the government spends more to rebuild the economy and the demand for foreign exchange expands with the resumption of investment spending coming out of a prolonged pandemic. This is according to JP Morgan economist Nur Raisah Rasid, who sees a return to twin deficits—referring to a simultaneous deterioration in the government’s budget positio

deficits key concern for next PH president The next CEO of the Philippines will have to grapple with “twin deficits” that may return this year, as the government spends more to rebuild the economy and the demand for foreign exchange expands with the resumption of investment spending coming out of a prolonged pandemic. This is according to JP Morgan economist Nur Raisah Rasid, who sees a return to twin deficits—referring to a simultaneous deterioration in the government’s budget positio

International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

Chapter4: Exchange Rate Determination

Section: Chapter Questions

Problem 10QA

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A country running a large current account deficit tends to have Question 18 options: a booming export oriented economy an excessively strong currency a large surplus in its financial account a large budget surplus
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