WASHINGTON: The US current account deficit fell 5.5 per cent in the second quarter to its lowest level in more than seven years, the Commerce Department said yesterday.
The current account gap stood at US$98.8 billion (US$1 = RM3.50) in the April-June period, the smallest deficit since the fourth quarter of 2001.
Most analysts had expected a better reading of US$92 billion. The second quarter decline in the current account followed a revised first-quarter number of US$104.5 billion. — AFP
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