(Published in Business Magazine No. 1009, 18-24 Sep 2013)
It has been quite some time that we have been chanting that "all is well", persisting with our business-as-usual attitude and ignoring the fact that the external current account deficit (CAD) remains our biggest worry today – and one of our most pressing macroeconomic challenges. It is better that we start doing something about the CAD before the crisis comes knocking at the door.
It has been quite some time that we have been chanting that "all is well", persisting with our business-as-usual attitude and ignoring the fact that the external current account deficit (CAD) remains our biggest worry today – and one of our most pressing macroeconomic challenges. It is better that we start doing something about the CAD before the crisis comes knocking at the door.
