Worthy Christian News » US News » Trade Deficit Reaches Highest Level Seen in Seven Years


Trade Deficit Reaches Highest Level Seen in Seven Years

Thursday, June 16, 2016 | Tag Cloud Tags: ,

(Worthy News) - The trade deficit soared to the highest level seen since 2008, the height of the Great Recession, according to a preliminary report released Thursday by the Bureau of Economic Analysis.

The current account trade deficit, which is considered the most accurate measurement of the flow of investments, goods and services across America’s borders, jumped 9.9% in the first quarter due to a $9.6 billion decline in overseas investments, only partially offset by gains in the merchandise and services sectors.

According to the bureau, the trade deficit “increased to $124.7 billion (preliminary) in the first quarter of 2016 from $113.4 billion (revised) in the fourth quarter of 2015.” That was the highest deficit since the $152.5 billion shortfall in the fourth quarter of 2008. [ Source ]

Copyright 1999-2017 Worthy News. All rights reserved.
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News » US News » Trade Deficit Reaches Highest Level Seen in Seven Years

1 thought on “Trade Deficit Reaches Highest Level Seen in Seven Years

Leave a Comment

Worthy Christian News » US News » Trade Deficit Reaches Highest Level Seen in Seven Years