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Reply #12: U.S. Q4 current account deficit grows to record $224.9 bln [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-14-06 08:35 AM
Response to Reply #11
12. U.S. Q4 current account deficit grows to record $224.9 bln

WASHINGTON (MarketWatch) - The U.S. current account deficit widened by 21.3% to a record $224.9 billion in the fourth quarter, the Commerce Department reported Tuesday. The deficit amounted to a record 7.0% of gross domestic product. The current account gap was wider than expected. Economists forecast the current account to rise to $218.0 billion in the fourth quarter. For all of 2005, the current account deficit grew to a record $804.9 billion, totaling a record 6.4% of GDP. It's the ninth annual record in the past ten years.
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