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A current account deficit creates an obligation of repayments of foreign capital, and that capital consists of many individual transactions. Pitchford asserts that since each of these transactions were individually considered financially sound when they were made, their aggregate effect (the current account deficit) is also sound.
For the U.S., valuation effects are partly compensating its current account deficits and therefore mitigating the decline of its net foreign assets. During 1994-2007, the U.S. accumulated more than US$5 trillions in current account deficits. This figure will be rising at least in 2009 and 2010.
Although a country's balance of payments will bring its current account and capital account into balance, there will be imbalances between countries' accounts. According to the World Bank data, the current account deficit in the United States is $498 billion in 2019 (The World Bank) Suppose a country's balance of payments deficits are persistent.
The Commerce Department's Bureau of Economic Analysis said on Wednesday the current account deficit, which measures the flow of goods, services and investments into and out of the country ...
The U.S. current account deficit surged to a 15-year high in the third quarter amid a record increase in imports as businesses rushed to replenish depleted inventories to meet strong demand. The ...
The U.S. current account aims to measure the nation's international trade balance, and it considers all goods, services and unilateral transfers each quarter. Today's report was a first-quarter ...
At the end of the day, the country's net foreign asset position remains unchanged, despite the $700 billion current account deficit. The effect will be the same if the value of the country's external liabilities falls by $700 billion, or the gains in value of its foreign assets minus the gains in value of its liabilities is $700 billion.
Ben Margot/AP By Lucia Mutikani WASHINGTON -- The U.S. current account deficit tumbled to a 14-year low in the fourth quarter as exports touched a record high, a government report showed Wednesday.