Related News
Increased Deficit Seen As Healing Sign
Source: Agencies |
September 17, 2010, Friday
|
Print Edition
Print Edition
AMERICANS' stronger appetites for imported goods, especially cars and computers, lifted the broadest measure of the United States' trade deficit in the second quarter to its highest point since late 2008.
The current account trade deficit grew to US$123.3 billion in the April-June period, a 12.9 percent increase from the first quarter, the US Commerce Department said yesterday. It marked the fourth straight quarter that the deficit has increased. That could be viewed as a healing sign for the US economy as Americans slowly regain their appetite to spend.
"We generally view this widening as a necessary consequence of the economic recovery since it largely reflects the resumption of trade flows resulting from increased demand both at home and abroad," said Nicholas Tenev, economist at Barclays Capital.
The current account trade deficit grew to US$123.3 billion in the April-June period, a 12.9 percent increase from the first quarter, the US Commerce Department said yesterday. It marked the fourth straight quarter that the deficit has increased. That could be viewed as a healing sign for the US economy as Americans slowly regain their appetite to spend.
"We generally view this widening as a necessary consequence of the economic recovery since it largely reflects the resumption of trade flows resulting from increased demand both at home and abroad," said Nicholas Tenev, economist at Barclays Capital.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
