South Korea's current account surplus with the US decreased to $111.42 billion last year, marking the first decline in six years, primarily due to a wider service account deficit. Surpluses with China and Japan also widened.
Russia's current account surplus fell to $20.1 billion in January-April 2026 from $21 billion in the same period of 2025, according to the Bank of Russia. The surplus in April 2026 rose to $6.7 billion.
India's commerce minister Piyush Goyal stated the government is considering measures to address the widening current account deficit and depreciating rupee. While not cutting non-essential imports, citizens are urged to be conscious of import-dependent products, with gold and silver imports seeing significant rises.
India faces significant economic challenges due to elevated commodity prices, foreign investor sell-offs, and import pressures, leading to a depreciating rupee. Chief Economic Advisor V. Anantha Nageswaran describes the situation as a "live balance of payments stress test."
Russia's current account surplus decreased to $12.2 billion in Q1 2026 from $18.4 billion in Q1 2025, driven by a widening services deficit and a reduced income deficit, according to the Bank of Russia.
China's high savings rate and current account surplus are misunderstood as detrimental; instead, they finance worthwhile investments abroad, increasing China's wealth and future income, contrary to G7 and IMF views advocating for reduced savings and consumption-led growth.
S&P Global Ratings believes India is handling global financial challenges better than indicated, with concerns over foreign capital outflows being overstated, despite oil price shocks and rupee record lows.
SEOUL, May 8 (Yonhap) -- South Korea posted its largest-ever monthly current acc...
SEOUL, May 8 (Yonhap) -- South Korea posted its largest-ever monthly current acc...
SEOUL, May 8 (Yonhap) -- South Korea posted its largest-ever monthly current acc...
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Nationwide gained the most customers at the end of last year, the latest data from the Current Account Switching Service shows. 
Pakistan's economy faces sustained pressure with double-digit inflation expected to persist if global oil prices continue rising amid the Middle East crisis. According to Topline Securities, inflation could average 9-10% over the next year, reaching 11% in Q4 FY26 if oil hits $120/barrel. GDP growth for FY27 has been cut to 2.5-3.0% from 4.0%, while the current account deficit could exceed $8 billion. The Pakistan Stock Exchange declined 15% in Q1, reflecting heavy reliance on imported energy.
NITI Aayog's report highlights the Middle East conflict's potential impact on India's trade and economy, risking the current account deficit and exchange rate. Instability also slows India-GCC FTA talks, hindering market access. Despite global uncertainty, merchandise trade remains steady, with services showing strong performance.
