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Narrowing of Trade Deficit Is Noteworthy, but Future Is Less Promising

Posted by Northern Trust in August 12th 2008  
Narrowing of Trade Deficit Is Noteworthy, but Future Is Less Promising The trade deficit narrowed to $56.8 billion in June from $59.2 billion in May. The decline in the trade gap reflects the faster pace of growth in exports of goods and service (+4.0%) compared with imports (+1.8%). All other things constant, real GDP growth in the second quarter should be stronger than the 1.9% growth rate reported to account for a narrowing of the trade gap. However, soft economic data from abroad Read More...

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