DATA VIEW (NOT A FORECAST): US TRADE BALANCE PARADIGM SHIFT
Back 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 changed dramatically. Following a sharp correction, US trade deficit has stabilized between 40 and 50 billion US dollars and has never restored to its peak of 70 billion.
After the crisis, however, the situation changed dramatically. Following a sharp correction, US trade deficit has stabilized between 40 and 50 billion US dollars and has never restored to its peak of 70 billion.
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