Current Account in USA

United States Current Account | Economic News & Forecasts

USA - Current Account

Growth appears set to moderate in the second quarter from Q1’s strong outturn, which was flattered by inventories and net trade effects that are likely to unwind in Q2. Nevertheless, private consumption should regain steam after a weak Q1 showing, thanks largely to a rock-solid labor market which still shows healthy momentum despite a meek print in May. Low unemployment and robust wage growth are buttressing retail sales and consumer confidence, which both posted strong readings in May. On the other hand, business investment and manufacturing activity—which slowed in May according to ISM data—will likely be hit by the recent trade war escalation. On this front, all eyes are on the next G20 summit on 28-29 June, where Presidents Trump and Xi will meet. While a successful meeting could see a truce and a resumption of bilateral talks, the U.S. could also slap tariffs on an additional USD 300 billion of Chinese imports if discussions are not fruitful.

United States - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-     -     -     -     -     

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United States Current Account Chart


USA Current Account

United States Facts

ValueChangeDate
Bond Yield2.13-0.43 %Jul 11
Exchange Rate1.130.65 %Jul 11
Stock Market27,0880.02 %Jul 11

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