The sharp widening in the trade deficit in June is a stark reminder that the US cannot rely on a sustained boost from overseas to offset the weak domestic economy. Indeed, today's data open the door to a small downward revision to the already paltry 1.3% annuailsed gain in GDP in the second quarter.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.