The strong recovery in US domestic demand has spilled over to the rest of the global economy. The largest economy in the
Posted: Thu May 05, 2022 6:48 am
The strong recovery in US domestic demand has spilled over to
the rest of the global economy. The largest economy in the world is
sucking in goods from the rest of the world at a record rate,
either to restock inventories or for final consumption. The US
trade deficit in goods was over $93 billion in June; its overall
trade deficit was lower because the US has a surplus in services
trade. India has been one of the beneficiaries of rising demand
from countries such as the US. Indian goods exports have had a
splendid run in recent months.
the rest of the global economy. The largest economy in the world is
sucking in goods from the rest of the world at a record rate,
either to restock inventories or for final consumption. The US
trade deficit in goods was over $93 billion in June; its overall
trade deficit was lower because the US has a surplus in services
trade. India has been one of the beneficiaries of rising demand
from countries such as the US. Indian goods exports have had a
splendid run in recent months.