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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

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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