U.S. current-account deficit rises to $134.4 billion
WASHINGTON - The U.S. current-account deficit, a measures of the nation's debt to other countries, rose 6.2% in the fourth quarter owing to bigger gaps in trade and secondary income. The current-account deficit increased to $134.4 billion from a revised $126.6 billion in the third quarter, the government said Wednesday. The current account reveals if a country is a net lender or debtor. The current-account deficit was equal to 2.6% of GDP in the fourth quarter, the highest level since 2012.
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