Current account deficit increased by 6.9% in the first quarter

In the first quarter of 2018, the current account deficit of the US balance of payments grew by 6.9% to 124 billion 100 million dollars, which is the maximum rate since the fourth quarter of 2008, the country's Ministry of Trade reported. Analysts had expected even greater deficit growth - up to 129 billion dollars. Following the results of the first quarter, the current account deficit was 2.5% of US GDP, up from 2.4% of GDP in the previous quarter. Negative balance of trade in goods and services rose to 155 billion 630 million dollars. The positive balance of primary incomes fell to 62 billion 10 million dollars. The deficit of secondary income decreased to 30 billion 491 million dollars.

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