The US Department of Commerce reported that the current account deficit of the country's balance of payments in the second quarter decreased by 16.6% to $101.5 billion, having fallen to a minimum since the fourth quarter of 2015. Experts had expected the drop to 103.5 billion dollars. The current account deficit in the second quarter in the volume of 2% of US GDP fell from 2.4% of GDP in the first quarter, noting the lowest value since the third quarter of 2014. In the second quarter, the US trade deficit also declined to $133 billion 800 million from $154 billion a quarter earlier.
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