United States: Current Account Deficit (via Johanne’s Economic IB Blog)

This is really interesting Jo! It was surprising that the economy changed from surplus to deficit in such a short amount of time. I would have never guessed that it would change that quickly. Since the USA is at 6.4%, is it the worst in the world? I would not have thought that the USA would have the worst deficit since they have one of the largest economies in the world. But anyways, GOOD JOB!!

In 2010, the United States’ economy has a current account deficit. Although, the United States’ has not always been in this situation. From the 1980s to around the late 90s, they were in a surplus and were a really strong economy. The current account ranged from 5 billion to 100 billion.  But from the start of the new millennium, their current account started to go downhill, all they way to a deficit of 800$ billion in 2006. As one economy experi … Read More

via Johanne’s Economic IB Blog