Q1 current account deficit $119 bln, 3.2% of GDP

1 post / 0 new
#1 Thu, Jun 16, 2011 - 8:38am
Shill
Offline
-
Mars
XX
Joined: Jun 14, 2011
3718
0

Q1 current account deficit $119 bln, 3.2% of GDP

https://www.marketwatch.com/story/q1-current-account-deficit-119-bln-32-of-gdp-2011-06-16?link=MW_home_latest_news

WASHINGTON (MarketWatch) - The U.S. current account deficit widened to $119.3 billion in the first quarter, or 3.2% of gross domestic product, from $112.2 billion in the fourth quarter, the Commerce Department reported Thursday. The deficit is down sharply from the peak of 6.5% of GDP in the fourth quarter of 2005. But the deficit has been widening steadily after hitting a low of 2.4% of GDP in the second quarter of 2009. In the first quarter, the wider deficit was accounted for by a increase in the deficit on goods and services. The surplus on income increased in the first quarter while net unilateral current transfers were lower than in the fourth quarter. Net financial inflows increased to $181.9 billion in the first quarter from $29.3 billion in the fourth quarter on a strong increase in U.S.-owned assets abroad.

Edited by: Shill on Nov 8, 2014 - 5:07am

Notice: If you do not see your new comment immediately, do not be alarmed. We are currently refreshing new comments approximately every 2 minutes to better manage performance while working on other issues. Thank you for your patience.