U.S. current account deficit falls to three-year low

• December 19, 2017
• realestatelife
• Announcements, Business & Markets, Real Estate, Real Estate Finance

The U.S. current-account deficit, a measures of the nation’s debt to other countries, sank 19% in the third quarter to the lowest level in three years. The deficit declined to $100.6 billion from $124.4 billion. The U.S. recorded a small deficit in secondary income and goods and a bigger surplus in primary income and services. The current account reveals if a country is a net lender or debtor. The current account deficit was 2.1% of GDP in the third quarter. That’s down from 2.6% in the second quarter and well below a peak of 6.3% in 2005.
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