As a result, the current account deficit soars and since it is not possible to finance it for an indefinite time period, it eventually leads to the balance of payments
"Philippines's July overseas workers remittances and the August balance of payments
position are expected to be positive for the local currency.
In its brief on balance of payments
statistics released on Friday, the Central Bank of Nigeria (CBN) said the records indicated a better position when compared to a surplus of US$2.975 billion recorded in the corresponding period of 2017.
Analysis of the balance of payments
by sectors showed that as in previous years, during the reporting period, foreign economic operations in the oil and gas sector had a positive balance, while in the non-oil sector - a negative balance.
When the ECB begins to alter course and international financial flows respond, there will be adjustments in the European and German balance of payments
, and today's large current-account surpluses will contract without German fiscal stimulus.
Therefore, there are instances where the import and export value differ greatly between the Trade Statistics and the Balance of Payments
. It is especially apparent for the 2014 data when the standard year was revised.
According to credit rating agency Moody's, the widening balance of payments
deficit is credit negative for the sovereign because it reflects underlying structural weaknesses and increases external vulnerability risks.
The balance of payments
deficit stood at $11.33 billion in 2015, while it had a surplus totaling $4.19 billion in 2014.
Moody's will also assess the potential severity of the pressures on Mozambique's balance of payments
and the reserve position of the Bank of Mozambique in the absence of a permanent liquidity backstop.
The report explained that the decline in the trade deficit over the period did not lead to an improvement in the balance of payments
The main factor determining the balance of payments
of Kyrgyzstan in 2015 will be the country's accession to the Customs Union, according to the National Bank's report on monetary policy for III quarter 2014.
According to the Daily Times, the organization has approved a 6.7 billion dollars loan package to help Pakistan revive its ailing economy and prevent a balance of payments