Egypt’s current account deficit surged dramatically in the 2023/24 fiscal year, ballooning from $4.7 billion to $20.8 billion, according to data from the Central Bank of Egypt,central%20bank%20said%20on%20Tuesday.

Egypt's current account deficit more than quadrupled to $20.8 billion in the 2023/24 fiscal year from $4.7 billion a year earlier, mostly due to an increase in the trade deficit and a fall in Suez Canal transit receipts,

India’s current account deficit widened marginally last quarter as the nation’s trade gap increased due to higher imports and weak exports.