Friday, December 16, 2005

Current Account Deficit Shrinks

- The 3Q Current Account Deficit shrunk to -$195.8 billion versus estimates of -$205.0 billion and -$197.8 billion in 2Q.
BOTTOM LINE: The US current-account deficit unexpectedly narrowed from July through September, Bloomberg reported. The shortfall was the smallest since 3Q 2001. I expect the current account deficit to improve modestly going forward.

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