EU current account deficit down in fourth quarter of 2009

08:46, April 23, 2010      

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The European Union's current account deficit fell dramatically in the final quarter of 2009 compared to the previous three months, a second official estimate released by the EU statistical bureau Eurostat showed Thursday.

The EU's external current account recorded a deficit of 9.2 billion euros (12.3 billion U.S. dollars) in the fourth quarter of 2009, much lower than the 23.1 billion euros (30.9 billion dollars) in the third quarter of the year.

The figure also dropped significantly compared with a deficit of 54.8 billion euros (73.9 billion dollars) in the fourth quarter of 2008.

Compared with the same period in 2008, the deficit of the goods account decreased from 41.9 billion euros(56.0 billion dollars) to 9.5 billion euros (12.7 billion dollars), as did the deficit of the income account, from 17.5 billion euros (23.4 billion dollars) to 0.1 billion euros (0.13 billion dollars).

According to the first estimate of Eurostat in March, the EU's current account deficit in the fourth quarter was 27 billion euros (about 36.4 billion dollars).

Source: Xinhua

(Editor:张茜)

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