i found that paper quite easy if im honest. I feel if you understood the four components of Current account your could form a good 18 marker.
But the question stating the 3 difference in the interest rates for both groups of countries throw me off. I wrote the following:
1) The average inflation rate of one group was higher than the other
2) (The group with china india and the larger economies i said... ) Due to having larger economies it can be said the price level would be higher, however inflation is relatively the same, therefore this groups economies are performing better.
Anybody else get anything similar , i didnt get a third point