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Tue Jun 19, 2012, 05:30 PM

US current account trade deficit grew to $137.3 billion in first quarter, largest since 2008

http://www.washingtonpost.com/business/us-current-account-trade-deficit-grew-to-1373-billion-in-first-quarter-largest-since-2008/2012/06/14/gJQArwQEcV_story.html

By Associated Press, Published: June 14

WASHINGTON ó The U.S. current account trade deficit grew this winter to its widest imbalance in three years. A big increase in imports of oil, cars and machinery and a drop in U.S. earnings on overseas investments drove the increase.

The deficit in the current account jumped 15.7 percent to $137.3 billion in the January-March quarter. Thatís up from $118.7 billion in the final three months of last year, the Commerce Department reported Thursday.

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Reply US current account trade deficit grew to $137.3 billion in first quarter, largest since 2008 (Original post)
NNN0LHI Jun 2012 OP
dkf Jun 2012 #1

Response to NNN0LHI (Original post)

Tue Jun 19, 2012, 05:35 PM

1. Looks like the American consumer is alive and well

 

And prefers goods made outside the US.

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