US: Trade Deficit Getting Wider and Wider - Rabobank
Stefan Koopman, Market Economist at Rabobank, notes that according to
the latest US trade figures, the deficit in February was even wider than
projected in last week’s advanced estimate.
Key Quotes
“Imports
of goods exceeded exports by USD 47.1bn in February, instead of the USD
45.9bn that was estimated previously. A bigger trade deficit subtracts
from economic growth, something which the Atlanta Fed’s GDPNow model now
predicts to be just 0.4% in Q1.
On a more positive note, both
imports and exports increased (the latter for the first time in five
months), which might signal that global demand appears to have
stabilized after a few wobbly months.”
(Market News Provided by FXstreet)
