How is Current Account Deficit Good?

Current account deficit is not always harmful which can be seen through following points
Current account deficit can occur when country is focusing on inward investment. This helps in increasing employment as well as investment. The high current account deficit of USA was only due to the fact that it was investing in its own economy.
With the presence of floating exchange rates; a huge current account deficit would lead to devaluation which will automatically lead to reduction of deficit
It may indicate a rapidly growing strong economy.

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