Sunday, January 04, 2009
BEING POOR--AND MAINTAINING YOUR POVERTY--IS A VERY EXPENSIVE ...
The smaller-than-expected trade gap will likely prompt economists to raise their estimates of fourth quarter U.S. economic growth.
In the quarters ahead, the real (price-adjusted) trade deficit will narrow further as U.S. consumers are grappling with labor. market softening, plunging home prices and financial market turmoil, said Dimitry Fleming, economist at ING financial markets.
External demand
Meanwhile external demand is still robust, at least in Asia and Latin America. The dollar's weakness should also be helping US exporting companies. This should further push the US trade deficit down.
The figures that exports of goods and services set a record in December, pushing the total for the year to a record $1.62 trillion. read more
In the quarters ahead, the real (price-adjusted) trade deficit will narrow further as U.S. consumers are grappling with labor. market softening, plunging home prices and financial market turmoil, said Dimitry Fleming, economist at ING financial markets.
External demand
Meanwhile external demand is still robust, at least in Asia and Latin America. The dollar's weakness should also be helping US exporting companies. This should further push the US trade deficit down.
The figures that exports of goods and services set a record in December, pushing the total for the year to a record $1.62 trillion. read more
# posted by Rob Ugly : 3:21 PM
