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The U.S. Current Account Deficit

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The U.S. current account deficit reached a record high in 2004:IIQ, renewing concerns that its continued growth could cause a flight from the dollar, adversely affecting economic growth, and complicating monetary policy.


Suggested citation: "The U.S. Current Account Deficit." Federal Reserve Bank of Cleveland, Economic Trends, no. 04-10, p. 9, 10.01.2004.

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