July to September quarter America's current-account deficit may be reduced a little, but this increase may not last long.
Economists look at fell by 11.8%, to $10.36 billion in the third quarter, the current account deficit, according to a survey FactSet. The us department of commerce on Tuesday morning eastern time at will publish the report.
Current account is the most widely trade measures. It tracking sales of goods and services, and between countries investment flow. Economists often sign of account how much the United States needs to borrow at foreigners.
In the April to June quarter, deficit fell 12.1% to $11.74 billion. This is in January to march quarter for 133.6 billion yuan, has become the largest deficit in three years.
Many economists predict deficit will increase in the coming quarter, part of the reason is the global economic slowdown would inhibit the United States export demand.
The debt crisis has made Europe into a recession. The region accounts for about one 5 of the United States export sales. And other major export markets, including China, India and Brazil, have experienced slow growth.
$2006 in 80.06 billion, the current account deficit hit a record high. Then, it atrophy serious economic recession, the United States for foreign goods demand, reduce the amount of more than the United States export sales contusion. Began to trade deficit widen again, in June 2009 after the recession.
In the monthly trade report, this report only tracking of goods and services, increase the export decline amplitude is greater than the imports, is seen as a sign that the global economic slowdown in the United States has begun to balance the economic development of the deficit in October.
July to September quarter of 2.7%, at an annualised rate of overall economic growth, but many economists believe that in the current quarter growth has slowed to less than 2%. They think that consumers and enterprises have become more cautious, because congress "fiscal cliff uncertainty spending and investment.
This is to increase revenue and cut costs, will automatically appear in January, unless congress and President Obama to budget agreement, avoid their use of the term. Economists warn that the adverse effects on the economy will be great enough to push the country into a recession.




Other News:
Ahead of the Bell: US current account
Obama in Newtown: We can’t tolerate anymore
Lieberman, Democrats want ban on assault weapons
Gun control gets unlikely backers in US Congress
China arrests legislator with 4 wives, 10 children
Korean-American tourist detained by North Korea
France says Afghan officials meet Taliban near Paris
4 police killed in Benghazi in eastern Libya