US Trade Deficit Shows Signs of Recovery

Illustration by jscreationzs

Bloomberg interprets March 2010 U.S. government trade report of widening trade deficit as sign of global recovery from what it describes as worst recession in the post-World War II era. Imports climbed more than exports, according to the trade report issued by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce. Data on increased import consumption suggests a rebound in consumer confidence in the U.S. The first quarter 2009-2010 report also shows an increase in the purchase of inventory and equipment by U.S. traders, which may improve U.S. exports despite what is characterized as the global "drag from Europe," which is hurting the euro.

Check-out Bloomberg BusinessWeek 5/12/10 article.

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