Wednesday, March 14, 2007

Forex News: 14.03.2007 U.S. current account narrows in fourth quarter

The U.S. current account deficit narrowed by 14.6% to $195.8 billion in the fourth quarter.

The deficit, the lowest since the third quarter of 2005, amounted to 5.8% of the nation's gross domestic product.

For all of 2006, the current account deficit grew to a record $856.7 billion, totaling 6.5% of GDP.

Economists had expected the current account deficit narrow to about $205 billion in the fourth quarter.


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