Results 1 to 1 of 1
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
-
02-11-2010, 04:25 AM #1
- Join Date
- May 2007
- Location
- South West Florida (Behind friendly lines but still in Occupied Territory)
- Posts
- 117,696
U.S. Economy: Trade Gap Unexpectedly Rises on Imports (Updat
U.S. Economy: Trade Gap Unexpectedly Rises on Imports (Update1)
By Courtney Schlisserman
Feb. 10 (Bloomberg) -- The U.S. trade deficit unexpectedly widened in December as imports rose faster than exports, gains that signaled a pickup in global economic growth.
The gap grew to $40.2 billion, the biggest in a year, from $36.4 billion in November, according to Commerce Department data released today in Washington. Imports increased 4.8 percent and exports climbed 3.3 percent to the highest level since October 2008.
Faster growth in emerging countries and a drop in the dollar’s value that is making American goods more competitive may keep propelling gains in sales overseas and spur U.S. manufacturing. Efforts to rebuild inventories will probably also draw in goods from abroad, giving world trade a lift.
“We’re at a stage of the recovery where you expect both exports and imports to rise,â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
72 Hours Till Deadline: Durbin moves on Amnesty
04-28-2024, 02:18 PM in illegal immigration Announcements