NewsFlash: Current Account deficit deepens due to falling profits on US foreign investment
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NewsFlash: June 19, 2008
Current Account deficit deepens due to
falling profits on US foreign investment
Although the current account, the broadest measure of the trade
deficit, rose in part due to sharp increases in oil prices, most of
the increased deficit can be blamed on sluggish returns on U.S.
investments abroad. Today’s International
Picture, by senior economist Robert Scott,
says an analysis of the latest current accounts shows there is a
slowdown in the global as well as domestic economy.
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