Expect nasty surprises

- By FX Markets Staff
- @FXMarkets_
- 14 Feb 2005

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Greenspan’s comments earlier in the month have raised hopes in the market that the US current account deficit is less of a problem than previously thought. However, it is difficult to follow this line of argument given the arithmetic behind the current account deficit . With the US savings ratio standing close to zero, domestic demand in the US outpaces other regions and US import growth will remain strong. Therefore, the US current account deficit is expected to widen by 15% to about $750

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