Research >> Economics
3Q08 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 $174.1 billion (preliminary) in the third quarter of 2008 from $180.9 billion (revised) in the second quarter. The decrease was accounted for by increases in the surpluses on income and on services and decreases in the deficit on goods and in net unilateral current transfers to foreigners. The deficit on goods and services decreased to $176.5 billion in the third quarter from $180.1 billion in the second.
Posted: December 17, 2008 Wednesday 08:31 AM