Research >> Economics
1Q09 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 $101.5 billion (preliminary) in the first quarter of 2009, the smallest deficit since the fourth quarter of 2001, from $154.9 billion (revised) in the fourth quarter of 2008. The decrease was more than accounted for by a decrease in the deficit on goods. A decrease in net unilateral current transfers to foreigners also contributed to the decrease in the current-account deficit. Decreases in the surpluses on income and on services were partly offsetting.
Posted: June 17, 2009 Wednesday 08:30 AM