The current account deficit in the US reached its highest level since the third quarter of 2008.

The current account deficit in the USA increased by 52.9 percent in the second quarter of this year as a result of the economic effects of the new type of coronavirus (Covid-19) pandemic.

It rose to 170.5 billion dollars.

The US Department of Commerce announced the current account balance data for the April-June 2020 period.

Accordingly, the country’s current account deficit increased by 52.9 percent in the second quarter of this year compared to the previous quarter, reaching $ 170.5 billion.

Economic effects of the Covid-19 outbreak reached the highest level since the third quarter of 2008.

The market expectation for current account deficit data was $ 157.9 billion.

Current account deficit data for the first quarter of the year in the USA. It was revised from $ 104.2 billion to $ 111.5 billion.

The ratio of the country’s current account deficit to its gross domestic product. It calculated as 3.5 percent in this period.

This rate recorded as 2.1 percent in the first quarter of the year.