As a result, the recorded current account deficit and corresponding net capital inflow are larger than the actual cross-border flows of funds associated with this investment.
Growth in the fourth quarter is likely to be slower than the very strong third quarter. We are still working with very preliminary measures of fourth-quarter performance. At the Atlanta Fed, we expect the fourth-quarter gross domestic product (GDP) growth rate to come in  BIS central bankers’ speeches  1  around 3 percent (annualized).