Current account gap up
Source: Agencies |
June 15, 2012, Friday
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Print Edition
Print Edition
THE US current account trade deficit grew this winter to its widest imbalance in three years.
A big increase in imports of oil, cars and machinery and a drop in US earnings on overseas investments were responsible for the increase.
The deficit in the current account jumped 15.7 percent to US$137.3 billion in the January-March quarter. That's up from US$118.7 billion in the final three months of last year, the US Commerce Department reported yesterday.
A big increase in imports of oil, cars and machinery and a drop in US earnings on overseas investments were responsible for the increase.
The deficit in the current account jumped 15.7 percent to US$137.3 billion in the January-March quarter. That's up from US$118.7 billion in the final three months of last year, the US Commerce Department reported yesterday.
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