About Trade Balance: Goods and Services, Balance of Payments Basis
DATA VIEW (NOT A FORECAST): US TRADE BALANCE PARADIGM SHIFTBack before the 2008-2009 financial meltdown, the US trade deficit was continually ascending, as the country was consuming more and more imported goods. It was a natural course of events, since the States was widely known as world’s leading consumer.
After the crisis, however, the situation chang
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