The Current-Account Deficit
The U.S. current-account deficit has increased sharply since 1997 and is likely to top $360 billion (approximately 3.5% of GDP) when final data for 1999 become available. Most economists expect the deficit to rise further this year and next.
Suggested citation: "The Current-Account Deficit," Federal Reserve Bank of Cleveland, Economic Trends, no. 00-02, pp. 18-19, 02.01.2000.