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Sajjid Z. Chinoy

Sajjid Z. Chinoy

Author

Aug 24, 2026

23:56
So just to simplify, so if imports are more than exports, that is current account deficit, right? Correct.
24:01
So that is the trade deficit.
24:02
But there's a more fundamental issue, which is the economy's investment is more than what we are saving.
24:09
Then the rest of the investment have to be financed by foreigners through foreign savings.
24:14
Now, I mean, a current account deficit, therefore, is not necessarily a bad thing because it's telling you that you're investing more than you're saving.
24:23
So for a country of upper capita income, running 2%, 2.5% of GDP current account deficit is actually healthy because it helps you push your investment rates up and it's not unsustainable.
24:39
So running 2, 2.5% is deemed to be sustainable and healthy.

33 MINS LATER

57:16
What do you think is the main reason of oil now going back to $75 per barrel? And you think that this is going to be sustainable over the course of like 2026, 2027?
2:51
So maybe we'll start with that, and then we can go into other things.
2:54
Tha- thank you, Shruti.
2:55
Thanks very much for that.
2:56
So, you know, as you rightly point out, these are unprecedented times in some levels because people talk about this being the largest energy shock ever.
3:03
And I think at last count, about 14 million barrels were off stream.
3:07
That's 15, almost 15% of global energy supply.
3:10
It's not just crude, as we've discussed.

15 MINS LATER

18:29
You were part of a lot of these institutional changes yourself, so you should take some of the credit.

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