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The U.S. current account deficit narrowed noticeably in 2001. Both imports and exports of goods and services fell … States than abroad in 2002, as most forecasters expect, the U.S. external deficit will widen, as U.S. imports of goods and …
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the brisk rise in imports during the year. Net investment income was negative in 1998 for the second consecutive year …
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the lagged effect of strong growth in the U.S. economy in late 1999 and early 2000 continued to drive up imports of goods … in 2001 through a slowing of the rate of growth of goods and services imports. …
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The U.S. current account deficit increased substantially in 1999 as the balances on goods and services, investment income, and unilateral transfers all became more negative. The remarkable strength of the U.S. economy contributed significantly to a marked decrease in the balance on goods and...
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