The U.S. current account based on cash flow statement of U.S. international business, including trade in goods and services, net investment income and foreign transfers is forecasted to expand to a near record high during the second quarter. “RBC expects that the current account balance likely widened in the second quarter, driven by a deterioration in the goods and services balance,” stated T.J. Marta, economist at RBC Capital Markets. He said that over the quarter, the monthly merchandise trade data showed a widening in the goods and services deficit and that going forward, RBC expects an improvement in the current account balance as a healthy global economy boosts demand for U.S. produced goods and services while a slowing in the U.S. economy acts to constrain imports.