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Trade Secret: GDP's Pillar Looks in Peril
Keywords:
Tags: United States,
Lower oil prices are reflected in the lower foreign trade numbers for the U.S., but something else is happening in the way foreign trade is declining globally. Citigroup Economist Wieting estimates that the drop in exports in October if sustained across the quarter would have taken 2.2 points from GDP, a bigger hit than declining consumer spending that makes up 70% of GDP.
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Trade Secret: GDP's Pillar Looks in Peril
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Global decline in foreign trade in 2009 unlike anything seen since 1945.
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How this is affecting GDP in the USA and the effects globally.
Grouped Articles
Economist 01/15/2009
Trade Secret: GDP's Pillar Looks in Peril
Wall Street Journal 01/13/2009
Global Trade Posts Sharp Decline
Wall Street Journal 01/14/2009
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Declining foreign trade and how this affects U.S. GDP and GDP in other nations.
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How the decline in foreign trade unlike anything seen since 1945 is affecting the US and global economy.
Linked Articles
Trade Secret: GDP's Pillar Looks in Peril
Wall Street Journal 01/13/2009
Global Trade Posts Sharp Decline
Wall Street Journal 01/14/2009
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