Current-Account Gap in U.S. Widened in Third Quarter on Imports
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The current-account deficit in the U.S. widened to $127.2 billion in the third quarter, reflecting an increase in imports.
The gap, the broadest measure of international trade because it includes income payments and government transfers, was the biggest in almost two years, figures from the Commerce Department showed today in Washington. Economists forecast the shortfall would widen to $126 billion, according to the median estimate in a Bloomberg News survey.