Is the current account a deficit problem? Explain.?

Answer 1

Current account is typically just accounting; exports - imports.

However, trade deficits can be (and often are) caused by government deficits --- budget deficits tend to raise interest rates, which strengthens the domestic currency and hurts exports.

Answer 2

No, the current account is a debit account:

A current account is a deposit account in the UK and countries with a UK banking heritage offering various flexible payment methods to allow customers to distribute money directly to others. Most current accounts have a cheque book, offer the facility to arrange standing orders, direct debits and payment via a debit card. Current accounts may also allow borrowing via an overdraft facility.

Current accounts providers include banks, building societies and credit unions.

Since the internet revolution most retail banking institutions offer access to current accounts via online banking.