In many ways, Angola seems an economist’s – and politician’s, and businessman’s – dream. By the numbers, Angola’s economy appears to be booming. Between 2001 and 2010, it grew by 11%, and continues to tick annually at 3.4%. In just one year, the country turned a deficit on its head […]
Author: Jane Teeling
The global consequences of weak demand in Europe will likely drive up the U.S. trade deficit for February and in the coming months. In January, the trade deficit hit $56.2 billion, its widest point since 2008, the year before the recession. So far, modest export growth has helped offset strong […]
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A widening U.S. trade deficit in January points to economic recovery, while weak export sales to Europe indicate a need for emerging export markets. The U.S. trade deficit for January rose to $52.6 billion from $50.4 billion signaling stronger economic growth, say economists. This month’s gap is due mainly to […]
The U.S. trade deficit grew in December and overall in 2011 for the second year in a row, a sign the economy is picking up steam, say economists. From November to December, the trade deficit grew to $48.8 billion from $47.1 billion. Within that gap are signs of economic growth: […]