US current account deficit widened in 4th quarter

Note: This section contains information in English only.
Source: Bloomberg
US current account deficit expanded more than predicted in the 4th quarter reaching USD 124.1 billion, the largest gap since 2008. Economists questioned by Bloomberg predicted the fourth quarter shortfall to attain USD 115.0 billion. The total deficit for 2011 rose to USD 473.4 billion or 3.1% of GDP. Jeremy Lawson, BNP Paribas senior economist in US expects the gap to broaden further. 
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