Beyond mid-year, we expect a steady decline of the trade balance to reduce the current account.

FORBES: Thanks to Oil, Russia's Trade Surplus Continues

As such, recent trends in trade flows and the balance of payments suggest that the current account deficit for this fiscal year will likely reach a record of about 5% of GDP before narrowing closer to 4% next year.

FORBES: Oil Finally Helps India's Trade Deficit

The current account is in surplus, but at some point a falling trade balance could send the current account into deficit, creating huge dangers and risk of macro financial market disruption.

FORBES: Mounting Japan Trade Deficits Raise Urgency of TPP, Japan-China-Korea, and Asean+6 Trade Talks