Menu
Share
Share this story
Close X
 
Switch to Desktop Site

Keeping Track ...

About these ads

America's trade deficit reached another record.

Tremors from the global financial crisis cut foreign demand for US goods, while a booming US economy drove imports of cars and consumer goods higher.

The deficit widened to $19.4 billion in February, a 15.6 percent increase from January's record $16.8 billion.

Separately, the International Monetary Fund forecast slow growth for the global economy, up just 2.3 percent this year compared with 2.5 percent last year. The IMF says the global crisis is bottoming out and forecast a rebound to 3.4 percent growth next year.


Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.

Loading...