World & BusinessUS current account deficit reportedly widens 15.7% to $246 billion in Q2
The Economic Times reports that goods imports grew significantly faster than exports, with the goods trade deficit widening to $291.3 billion.
TLDR
The Economic Times reports that the US current account deficit increased by $33.4 billion, or 15.7%, to $246 billion in the second quarter. The rise was driven by a surge in goods imports that significantly outpaced export growth. The goods trade deficit widened to $291.3 billion.
US current account deficit reportedly widens 15.7% to $246 billion in Q2
The Economic Times reports that goods imports grew significantly faster than exports, with the goods trade deficit widening to $291.3 billion.
TLDR
The Economic Times reports that the US current account deficit increased by $33.4 billion, or 15.7%, to $246 billion in the second quarter. The rise was driven by a surge in goods imports that significantly outpaced export growth. The goods trade deficit widened to $291.3 billion.