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Trade Deficit Shrinks by $4.6 Billion: Effect on GDP Estimates?
The trade deficit shrunk by 4.6% matching the lowest Econoday estimate.
What affect do you think today’s report will have on GDP estimates for the first quarter?
Ponder that question while we investigate the report and details from the Census Bureau report on International Trade.
Econoday commented: “For GDP, these data are very positive and help offset not only January’s large trade deficit but also what’s evolving as a weak quarter for domestic consumer spending. For cross-border trade, this report is not upbeat, showing less demand for goods and services both here and abroad.”
The post Trade Deficit Shrinks by $4.6 Billion: Effect on GDP Estimates? appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/04/04/trade-deficit-shrinks-by-4-6-billion-effect-on-gdp-estimates/
