WASHINGTON (MarketWatch) The U.S. current-account deficit, a measure of the nation's debt to other countries, slipped 0.1% in the first quarter. The current-account deficit fell to $104.2 billion from a revised $104.3 billion in the 2019 fourth quarter. The small decline reflected a lower trade deficit in goods. The current account reveals if a country is a net lender or debtor. The current account deficit was equal to 1.9% of GDP in the first quarter, up slightly from the prior quarter. The current-account deficit peaked in 2005 at 6.3%.
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June 19, 2020 at 07:42PM
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U.S. current account deficit falls slightly to $104.2 billion in first quarter - MarketWatch
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