Research >> Economics
1Q10 Current Account Deficit Increased
The U.S. current-account deficit—the combined balances on trade in goods and services, income, and net unilateral current transfers—increased to $109.0 billion (preliminary) in the first quarter of 2010, from $100.9 billion (revised) in the fourth quarter of 2009. The increase was the third consecutive quarterly increase since the deficit of $84.4 billion in the second quarter of 2009, which was the smallest deficit since the third quarter of 1999. The increase was more than accounted for by an increase in the deficit on goods. An increase in net unilateral current transfers to foreigners also contributed. Increases in the surpluses on income and services were partly offsetting.
Posted: June 17, 2010 Thursday 08:30 AM