Posted on 09/15/2011 6:06:44 AM PDT by Free Vulcan
The U.S. current-account deficit fell to $118 billion in the second quarter, or 3.1% of GDP, from first-quarter levels of $119.6 billion, or 3.2% of GDP...
(Excerpt) Read more at marketwatch.com ...
Pardon my ignorance. What is a current acount deficit?
The difference between total imports of goods, services and transfers and the country’s total export of goods, services and transfers. It’s actually just called the current account I believe, and surplus or deficit added depending on which side of zero it is at the time.
Thanks. When was the last time it was positive?
I’m betting the Reagan admin.
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