http://www.irisheconomy.ie/index.php/2009/03/26/q4-2008-macrobop-data-from-cso/ Wed, 16 May 2012 22:51:15 +0000 http://wordpress.org/?v=2.6.3 http://www.irisheconomy.ie/index.php/2009/03/26/q4-2008-macrobop-data-from-cso/#comment-3072 Ronnie O'Toole Thu, 26 Mar 2009 13:17:37 +0000 http://www.irisheconomy.ie/?p=1298#comment-3072 The CA deficit is highly seasonal because of the timing of farm payments, so a zero in Q4 is still consistent with a sizable (if rapidly reducing) annual deficit. With Govt borrowing next year of (say) 12%, and a CA deficit of 2%, the private sector financial balance is still in massive surplus. The CA deficit is highly seasonal because of the timing of farm payments, so a zero in Q4 is still consistent with a sizable (if rapidly reducing) annual deficit. With Govt borrowing next year of (say) 12%, and a CA deficit of 2%, the private sector financial balance is still in massive surplus.

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