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EU: Current Account with Russia Deep in the Red

Business › Economy ♦ Published: July 18, 2013; 22:43 ♦ (Vindobona)

EU27 current account surplus came at € 29.1 bn in the first quarter of 2013.

EU: Current Account with Russia Deep in the Red / Picture: © Wikimedia Commons / Danny Cornelissen [http://www.portpictures.nl]

The EU27 external current account2 recorded a surplus of 29.1 billion euro (0.9% of GDP) in the first quarter of 2013, compared with a deficit of 1.5 bn (0.0% of GDP) in the first quarter of 2012, according to a second estimate released by Eurostat, the statistical office of the European Union.

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