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Talisha R

Wider U.S. trade deficit, weak exports point to slower growth - 1 views

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    The Commerce Department said on Tuesday the trade gap increased 7.6 percent to $43.03 billion, ending four straight months in which the deficit had narrowed.Economists, who had expected a $40.00 billion trade gap in September, said the wider deficit could cut as much as a half a percentage point off that growth estimate.Exports in September fell 1.5 percent to $195.59 billion, the lowest level since April, a sign that weakening demand in key markets such as China and the euro zone was starting to weigh.A survey of U.S. manufacturers published on Monday showed a decline in a gauge of export order growth, suggesting exports will weaken further.Apart from slowing global demand, exports are seen crimped by a strong dollar, which so far this year has strengthened by about 4 percent against the currencies of the country's main trading partners.
David Weiss

New Zealand's Trade Balance -908M vs -645M Forecast - 0 views

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    New Zealand's trade balance has increased less than predicted, instead of rising from -1350M to -645M, it merely bettered to -908M. This will probably cause a defecit in the current account, and increase the reserve asset spending.
Marc WuDunn

Star-spangled spenders - 0 views

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    The article talks about how America's current account defecit has shrinked. This is due to a rising surplus in investment income and growth. Imports have decreased as American manufacturers have regained market share at home, also America has reduced offshore manufacturing in China due to the lower dollar and rising costs of foreign labour.
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    This article explains how any American who bought imports was contributing to the trade deficit. It then goes on to discuss how the decline of imports has lead to a decline in the trade deficit.
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