Research >> Economics
4Q08 Current Account Deficit decreased
The U.S. current-account deficit--the combined balances on trade in goods and services, income, and net unilateral current transfers--decreased to $132.8 billion (preliminary) in the fourth quarter of 2008, the smallest deficit since the fourth quarter of 2003, from $181.3 billion (revised) in the third quarter of 2008. The decrease mostly resulted from a decrease in the deficit on goods. An increase in the surplus on income and a decrease in net unilateral current transfers to foreigners also contributed to the decrease in the current-account deficit. A decrease in the surplus on services was partly offsetting.
Posted: March 18, 2009 Wednesday 08:30 AM