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Euro zone swings to a rare current account deficit in March
Abstract：FRANKFURT (Reuters) – The euro zone recorded its first current account deficit in a decade in March on a small trade deficit and an outflow of secondary incomes, or transfers between residents and non-residents, European Central Bank data showed on Thursday.
div classBodysc17zpet90 cdBBJodivpFRANKFURT Reuters – The euro zone recorded its first current account deficit in a decade in March on a small trade deficit and an outflow of secondary incomes, or transfers between residents and nonresidents, European Central Bank data showed on Thursday.p
pThe bloc of 19 countries sharing the euro recorded a current account deficit of 1.57 billion euros after a surplus of 15.73 billion euros a month earlier, according to adjusted figures.pdivdivdiv classBodysc17zpet90 cdBBJodiv
pIn the 12 months to March, the current account surplus totalled 1.8 of the blocs GDP, down from 2.6 in the preceding 12 months.p
p
pp Reporting by Balazs Koranyi editing by John Stonestreetp
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