The Current Account and Credibility Gaps
Mar 17th, 2006 | By Michael Shedlock | Category: Macro Economics
The U.S. current account deficit widened by 21.3%, to a record $224.9 billion for the fourth quarter of 2005, the Commerce Department reported Tuesday, March 14. The deficit was 7% of the nation's gross domestic product, also a record:
For all of 2005, the current account balance grew to a record ...read more
