Research >> Economics
2Q09 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 $98.8 billion (preliminary) in the second quarter of 2009, the smallest deficit since the fourth quarter of 2001, from $104.5 billion (revised) in the first quarter. The decrease was more than accounted for by a decrease in the deficit on goods. A small increase in the surplus on services also contributed to the lower current-account deficit. An increase in net unilateral current transfers to foreigners and a decrease in the surplus on income were partly offsetting.
Posted: September 16, 2009 Wednesday 08:30 AM