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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessStill Running Large Basic Balance Deficits (2/2)
- Looking more broadly than the current account data and how they compare particularly favourably with pre-pandemic levels, it’s worth remembering that large net outflows from foreign direct investment in the financial account leave sizeable basic balance deficits.
- A four-quarter rolling average of the non-seasonally adjusted financial account data sees net FDI flows of -1.8% GDP in Q3, adding to the -1% GDP for the current account on the same basis.
- This basic balance deficit of -2.7% GDP compares with -2.1% GDP as of 4Q22 and -2.2% GDP in 4Q21, although is still lower to the -3.5% GDP in 4Q19 and -3.6% GDP in 4Q18.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.