Big declines in many emerging market currencies have helped narrow current account deficits in the emerging world, making countries more resilient to bouts of dollar strength. (blackrockblog.com)
And in this sense you can read a large current account surplus as a sign of financial sector under development rather than of financial strength and maturity. (newyorkfed.org)
The economic impact of the regional financial crisis has been seen in some sharp declines in production and substantial adjustments in current account positions. (rba.gov.au)