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Is the UK current account: moving into surplus?
Author(s) -
Nixon James
Publication year - 1994
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/j.1468-0319.1994.tb00004.x
Subject(s) - current account , economics , balance of payments , revenue , medium term , investment (military) , balance (ability) , term (time) , monetary economics , macroeconomics , finance , medicine , politics , exchange rate , law , political science , physical medicine and rehabilitation , physics , quantum mechanics
James Nixon and Andrew Sentance argue that the recent improvement in the UK current account indicates a more favourable medium term balance of payments outlook. But despite stronger oil revenues and investment income, a surplus will not quite be achieved unless the world economy grows more strongly than our forecasts suggest.