WASHINGTON (MarketWatch)
The U.S. current account deficit rose by $3.8 billion
to $106.1 billion in the first quarter, or 2.7% of gross domestic product on an
annualized basis, the Commerce Department reported Friday
The deficit in the
first three months of the year is much lower than the market consensus, due to
sharp downward revision to the deficit in 2012
In the fourth quarter, the
current account deficit was revised down to $102.3 billion compared with the
prior estimate of $110.4 billion
The increase in the deficit in the first
quarter was due to a drop in the surplus on income and an increase in outflows
of net unilateral transfer
These factors were partially offset by a narrowing
in the deficit on goods and services
As a percentage of GDP, the deficit is
still down sharply from the peak of 6.4% of GDP in the fourth quarter of 2005
But the U.S. has not had an annual current account surplus since 1991
Welcome
The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
Agenda Macro
Calendario económico en tiempo real proporcionado por Investing.com España.
jueves, 4 de julio de 2013
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