Current account deficit is moving towards a healthier and a more sustainable level. It decreased sharply during the final quarter of 2013, amounting to just 1.98% of GDP, which is well below the 3.85% of GDP reported in the third quarter of 2013. 6.
Since I took the office in May 2013, I was in the view that the policy shift is needed to lower the current account deficit gradually to a sustainable level. It’s my firm believe that any delay in responding to economic imbalance often cause us to lose momentum, which carries a harmful consequences on the economy as a whole.