Current account trade deficit shrinks to smallest level in relation to the economy in 18 yearsSeptember 16th, 2009 Current account deficit dips to $98.8 billionWASHINGTON — The deficit in the broadest measure of foreign trade shrank in the spring to the lowest level in relation to the total economy in 10 years, another dramatic sign of how much the recession had reduced America's appetite for foreign goods. The Commerce Department said Wednesday the deficit in the current account dropped to $98.8 billion in the April-June quarter.
Summary Box: Improving economy lifts imports, exports and trade deficitSeptember 10th, 2009 Summary Box: Improving economy ups trade deficitWHAT HAPPENED?: The trade deficit rose to $32 billion in July, the highest in six months. Imports jumped 4.7 percent, the largest monthly increase on records dating from 1992.
Jump in imports of oil and autos pushes July trade deficit up to highest amount in 6 monthsSeptember 10th, 2009 July trade deficit climbs 16.3 pct to $32 billionWASHINGTON — The U.S. trade deficit shot up in July to the highest level in six months as a surge in shipments of foreign oil and autos pushed imports up by a record amount.
US trade deficit rises to $32 bn in JulySeptember 10th, 2009 WASHINGTON - The US trade deficit rose by 16.3 percent to $32 billion in July, the highest level in six months, the commerce department said Thursday. The deficit was much higher than the $27.4 billion expected by economists.
Trade deficit widens, imports up for first time in 11 months, exports post 2nd straight gainAugust 12th, 2009 June trade deficit rises, imports and exports upWASHINGTON — The U.S. trade deficit edged up in June as imports rose for the first time in 11 months and exports rose for the second straight month, confirming that the global recession is easing its grip.
US home sales expected to show third consecutive monthly increase in JuneJuly 23rd, 2009 Ahead of the Bell: Existing Home SalesWASHINGTON — A real estate trade group's report is expected to show that sales of previously occupied homes inched up in June, a third straight monthly increase. If economists' forecasts prove accurate, it would be another encouraging sign that a modest housing recovery has finally started.
Fiscal deficit to be brought under control: AhluwaliaJuly 14th, 2009 NEW DELHI - The government is determined to bring the fiscal deficit under control, Planning Commission Deputy Chairman Montek Singh Ahluwalia said here Tuesday. Addressing economists at a seminar organised by the India Policy Forum, he said the fiscal stimulus provided by the government had put a burden on the deficit but the package was necessary in the given economic scenario.
Trade deficit unexpectedly narrows to $26 billion in May, lowest level in more than 9 yearsJuly 10th, 2009 May trade deficit unexpectedly drops to $26BWASHINGTON — The U.S. trade deficit fell to the lowest level in more than nine years in May as exports posted a small gain while the weak American economy pushed imports down for a 10th straight month.
Trade deficit narrows to 9-year low in May, exports post small gain while imports keep fallingJuly 10th, 2009 May trade deficits dips more than expected to $26BWASHINGTON — The U.S. trade deficit fell to the lowest level in more than nine years in May as exports posted a small gain while the weak American economy pushed imports down for a 10th straight month.
Current account trade deficit plunges to lowest level since 2001 as imports drop sharplyJune 17th, 2009 Current account trade deficit drops to $101.5BWASHINGTON — The deficit in the broadest measure of trade plunged sharply in the first three months of the year as the country's deep recession depressed imports of oil and other goods. The Commerce Department said Wednesday the current account trade deficit dropped to $101.5 billion in the first quarter, a 34.5 percent decline from the deficit in the fourth quarter.
Economists hope US recession will end in 2009May 27th, 2009 WASHINGTON - A panel of top economists in the US forecast an end to the country's deep recession by late 2009, according to a survey released Wednesday. The National Association of Business Economists (NABE), which surveyed 45 economists, said the US economy had shown some signs of stabilising but would still recover more slowly than in past downturns.
Treasurys finish little changed after Fed buys $6B in debt, trade deficit widensMay 12th, 2009 Treasurys little changed after Fed buys more debtNEW YORK — Treasurys ended little changed Tuesday after strong gains a day earlier, as the Federal Reserve bought more government debt and economic data came in better than expected. The Fed purchased $6 billion in securities maturing between 2012 and 2013.
Dollar drops as trade deficit widens in March, median home prices fall; stocks end mixedMay 12th, 2009 Dollar drops as trade deficit widens in MarchNEW YORK — The dollar dropped against the euro and the pound Tuesday after a report showed that the U.S. trade deficit rose in March, while home prices fell in nearly nine out of every 10 U.S.
Trade deficit widens in March for first time since July as recession cuts into US export salesMay 12th, 2009 Trade deficit widens in March to $27.6 billionWASHINGTON — The U.S. trade deficit rose in March for the first time since last July as the global recession cut sharply into sales of American exports.
Increased fiscal deficit to stimulate growth: Econmic advisorMarch 7th, 2009 MUMBAI - The fiscal deficit will stimulate growth of the Indian Economy, chief economic advisor Arvind Virmani said here Friday. 'GDP growth rate for India can be reasonably forecast after the publishing of figures for agricultural output.
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