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发表于 2010-8-11 09:44 AM
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The second quarter GDP will be surely revised down ...
From Reuter
Trade gap widens sharply in June
WASHINGTON (Reuters) - The trade deficit widened a surprising 18.8 percent in June on a surge of consumer goods from China and other suppliers, suggesting second-quarter economic growth was much weaker than previously thought.
The monthly trade gap totaled $49.9 billion, the highest since October 2008, the Commerce Department reported on Wednesday, as U.S. exports stumbled a bit.
The deficit was wider than any of the 67 Wall Street forecasts collected before the report, and is likely to prompt analysts to ratchet down estimates of second-quarter gross domestic product growth.
"The strength in imports, though hinting at some pickup in consumer spending, continues to undermine GDP growth. Moreover, the slowing in exports will only fan fears of a faltering U.S. recovery," said Sal Guatieri, senior economist at BMO Capital Markets.
Many economists have already trimmed their estimates on signs business inventories had risen more slowly than the government first thought. In its first estimate of GDP growth late last month, the Commerce Department had said the economy grew at a 2.4 percent annual rate in the April to June period. |
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