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BURGESS
Country ... USA |
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Burgess COMMENTARY |
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US Balance of Trade This graph shows how Balance of Trade in Goods and Services improved for the United States when the US economy stalled as a result of the financial crash of 2007/2008. As the economy improves, the Balance of Trade deteriorates.
During the second half of 2012, the Balance of Trade is in deficit by about $150 billion a quarter. https://www.bea.gov/newsreleases/international/trade/trade_glance.htm Quarter to quarter growth in GDP The US economy was in free fall in the last half of 2008. During President Obama's first administration the economy has stabilized and is growing modestly, but not enough to recover the jobs lost during the Bush era callapse of the economy.
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Bureau of Economic Analysis ... USA
2012 |
| The text being discussed is available at https://www.bea.gov/newsreleases/national/gdp/gdp_glance.htm and https://www.bea.gov/national/nipaweb/GovView.asp |
