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The Current-Account Deficit

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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.

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