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Global Business News

The Economic Times

Global Business / The Economic Times

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US current account deficit contracts sharply in the third quarter

America's current account deficit saw a significant drop in the third quarter. Tariffs impacted imports, while primary income saw a surge. The deficit contracted by $22.8 billion, reaching its lowest point since the third quarter of 2023. This development reflects a narrowing trade deficit and increased primary income receipts. The report was delayed due to a government shutdown.

14 Jan 2026 8:32 pm