A lower value of the dollar has continued to improve the competitiveness of U.S. exports. That undoubtedly accentuated the decline in October’s trade deficit to $32.9B. The declined followed a September deficit of $35.7, which was revised even lower than initial estimates given last month.
In more good news, exports jumped. It was their sixth month [...]
:: Saturday, March 20, 2010
Much of the world faces slower economic growth this year, initiated by the U.S. subprime mortgage crisis which has sliced assets and balance sheets of commercial banks throughout the world to the tune of at least $387 billion. The International Monetary Fund, which monitors economic conditions throughout the world, predicted in their latest outlook (April [...]
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