EuroStat: EU Current Account Surplus Shrinking Rapidly

In the first quarter of 2022, the EU seasonally adjusted current account of the balance of payments recorded a surplus of 16.6 billion (0.4% of GDP), down from a surplus of 52.2 billion (1.4% of GDP) in the fourth quarter of 2021 and down from a surplus of 126.4 billion (3.6% of GDP) in the first quarter of 2021.

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