Dr. Peter Morici: Analysis of US Current Account Deficit rise in First Quarter 2008
Jun 18th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
On Tuesday, the US Commerce Department reported the first quarter current account deficit was $176.4 billion, up from $167.2 billion in the fourth quarter of 2007. The deficit was 5.0 percent of GDP.