Killy_Mel

DATA VIEW (NOT A FORECAST): US TRADE BALANCE PARADIGM SHIFT

FRED:BOPGSTB   Trade Balance: Goods and Services, Balance of Payments Basis
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.
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