November U.S. Trade Deficit Widens
01/12/2010
Through November 2009, the overall U.S. trade deficit reflected an annual rate of $371.59 billion, nearly half of 2008's imbalance of $695.94 billion. Last year's credit crisis and recession had sharply curtailed consumers' demand for imported goods. With the economy now beginning to recover and imports rising, economists are predicting a higher trade deficit for 2010. However, they also see a continued rise in demand for U.S. exports as overseas markets recover as well. China and other Asian nations are leading the rebound in the global economy.
Most Read
-
-
What’s Driving Record Industrial Real Estate Demand
Q1 2021
-
2020 Top States for Doing Business Showcase Their Pro-Business Environments
Q3 2020
-
2020 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
Q2 2020
-
35th Annual Survey of Corporate Executives Commentary: Change in Site Selection Priorities and Plans Over the Short and Long Term
Q1 2021
-
17th Annual Consultants Survey: Consultants Are Optimistic About the Year Ahead
Q1 2021
-
Challenges of Moving Manufacturing Out of China
Q1 2021