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Time for Asia to let go of current account surpluses: DBS economist

Region's fears from 1997 financial crisis are putting a drag on local investment
Tuesday, June 16, 2015 - 05:50

Singapore

ASIA needs to stop running current account surpluses to arrest declining investment, said David Carbon, head of economics and currency research at DBS.

"On average, Asia-10 countries have run current account surpluses to the tune of 6 per cent of GDP (gross domestic

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