The Ups and Downs of Current-Account Deficits

Humpage, Owen F.; Shenk, Michael
January 2009
Economic Trends (07482922);Jan2009, p7
Trade Publication
The article presents an analysis on the current-account deficit of the U.S. The current-account deficit continues to increase between 1995 and 2002, as well as the gross domestic product (GDP) growth as a result of the influx in the global savings. The increase in the current-account deficit reflects strong aggregate demand growth after the recession in 2001. In the first three quarters of 2008, the current-account deficit has narrowed by about 5%.


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