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Economists surveyed by Dow Jones Newswires had forecast a deficit of $112.6 billion. The deficit figure measures mostly trade in goods and services but also includes transfer payments and investment income.
on goods and services increased to $128.4 billion in the fourth quarter from
$124.8 billion in the third quarter in part because imports rose. The
the Commerce report showed that the
current transfers, items such as foreign aid from the
smaller gap, carrying a hefty current account deficit requires the
foreign purchases of U.S. Treasurys exceeded sales by $26.0 billion in the
fourth quarter, the Commerce Department report said.
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