Discover and read the best of Twitter Threads about #CADs

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Gonzalo Varela
@gonwei
#Pakistan is going thru a complex #macro situation. At its heart is one symptom: the #CAD. Because the CAD has been perennial, this long-standing symptom translated into large foreign liabilities. Short 🧵👇
a) The #CAD shows that #Pakistan has been consuming beyond what it produces. At its heart, there’s another perennial deficit: the fiscal deficit.
b) To fix the #CAD, compressing #imports is futile (e.g. with the flood levy). You need either to reduce the fiscal deficit, or increase private saving well beyond investment. 👇
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Related hashtags

#export #Taiwan #Vietnam #insolvency #FDI #import #CADs #trade #exporters #productivity #credit #macro #exchange #imports #CAD #Poland #Pakistan #fiscal #exports

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