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U.S. Q2 current account gap smallest since 2001

Published 09/16/2009, 08:34 AM
Updated 09/16/2009, 08:36 AM

WASHINGTON, Sept 16 (Reuters) - The U.S. current account shrank in the second quarter to $98.8 billion, the smallest deficit since the fourth quarter of 2001, a Commerce Department report showed on Wednesday.

The deficit contracted from an upwardly revised $104.5 billion in the first quarter and compared with analysts' forecast for a second quarter gap of $92.0 billion.

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