WASHINGTON: The US current account deficit fell 5.5 per cent in the second quarter to its lowest level in more than seven years, the Commerce Department said yesterday.
The current account gap stood at US$98.8 billion (US$1 = RM3.50) in the April-June period, the smallest deficit since the fourth quarter of 2001.
Most analysts had expected a better reading of US$92 billion. The second quarter decline in the current account followed a revised first-quarter number of US$104.5 billion. — AFP
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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