22:34 - 24.06.2026

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June 24, Fineko/abc.az. The US current account deficit expanded by 2.6% in the first quarter of the year to settle at $226.8 billion, driven down by shifts in primary income architectures.

According to ABC.AZ, tracking the official statement from the US Department of Commerce for the January-March timeline, the registered deficit overshot Wall Street consensus expectations, which projected the metric at $212 billion. Concurrently, the deficit baseline for the final quarter of last year was sharply revised upward from $190.7 billion to $221.1 billion.

Key structural layers of the macroeconomic brief:

• Deficit-to-GDP Ratio: The shortfall anchored at 2.9% of the national Gross Domestic Product (GDP) during the first quarter, ticking up slightly from the 2.8% printed in the preceding three-month window.

• Core Triggers: The deficit acceleration was heavily impacted as the primary income balance rotated from a surplus posture into a deficit stance. This structural drag was only partially counterbalanced by a narrowing deficit margin within merchandise trade lines.