Friday, June 19, 2009

America’s Current-Account Deficit Drops 34.5% from Q4

THE ECONOMIST : America’s current-account deficit dropped sharply in the first quarter, to $101.5 billion (or 2.9% of GDP), its lowest level since the last quarter of 2001. The main reason was the steep decline in imports, particularly oil and oil products and industrial supplies and materials.
Read Also :

Current account trade deficit drops to $101.5B

http://www.readingeagle.com/article.aspx?id=143463

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