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03/14/2012 - 8:30am
The U.S. current account deficit increased to $124.1 billion or 3.2 percent of gross domestic product (GDP) in the fourth quarter of 2011, up from $107.6 billion or 2.8 percent of GDP in the third quarter. For 2011 overall, the current account deficit was $473.4 billion or 3.1 percent of GDP, up from $470.9 billion or 3.2 percent of GDP in 2010.
