Trade deficit narrowed also
Posted on: April 17, 2019 at 11:46:06 CT
Spanky KU
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That suggests net exports will make a positive contribution to gross domestic product in early 2019 after causing a drag for the prior two quarters.
“This better-than-expected trade situation creates a really good platform for first quarter GDP growth,” ING Groep NV Chief International Economist James Knightley wrote in a report. “Today’s trade figures mean 2.5 percent is looking achievable.”