mercredi 13 janvier 2010

Rising US trade deficit.


US trade deficit jumped to its highest level in ten months after the economic recovery has led to increased imports. The commerce department said that the deficit rose by 9.7% in November to 36.4 billion dollars , more than economists estimated that it exprcted 34.5 billion dollars. Exports also went up by 0.9% for the seventh month in a row. The deficit with China rose 10.8% in the same month to 20.2 billion dollars , with exports to China rose to the highest level ever. However, the deficit with China remained the largest compared with other countries , although it decline by 15.9% compared with the same month in 2008. In the first eleven months in 2009 , trade deficit of 371.59 billion dollars compared with 695.94 billion dollars in the corresponding period last year. The numbers reflect the economic recession in the United States , which led lower consumer demand for foreign products.

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