Wednesday, March 20, 2013

The US Current Account deficit Shrinks For Fourth Quarter

Defisit Current Account AS Mengecil Untuk Kuartal Ke empat

Monexnews- a deficit on balance running (current account) AS slightly reduced to $ 110.4 billion in the fourth quarter, or 1.7% of GDP, reported by the Commerce Department on Thursday. This deficit was the lowest since the third quarter of 2011. Sags deficit in the fourth quarter due to rising income and surplus in services. Economists had predicted that the deficit would widen to $ 112 billion. The deficit in the third quarter was revised up to $ 112.4 billion from the previous estimate of $ 107.5 billion in numbers. In percentage of GDP, the deficit this time just above its record low of 2.5% in level set out in the second quarter of 2009.

(fsyl)



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Title Post: The US Current Account deficit Shrinks For Fourth Quarter
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Author: Mohammad Zulfi Satriawan

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