US Current Account Deficit Widens in Q2
The US current account deficit increased significantly in the second quarter due to rising goods imports. The shortfall reached $246.0 billion, representing three percent of gross domestic product.
The United States current account deficit widened $33.4 billion, or 15.7%, to $246.0 billion in the second quarter amid an influx of imported goods. The shortfall matched 3.0% of gross domestic product, rising from 2.7% in the previous three-month period. Economists surveyed by Reuters had anticipated a wider gap of $255.0 billion.
