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U.s. Trade Gap Widens On Imports, Jobless Claims Up

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The U.S. trade deficit widened much more than expected in January as surging imports of oil, capital goods and cars overpowered record exports in a signal of strengthening domestic demand.

The trade gap grew by 15.1 percent to $46.3 billion (28.8 billion pounds) from $40.3 billion in December, the Commerce Department said on Thursday. Analysts had expected a deficit of $41.5 billion.

The shortfall in trade with China, a sore point in bilateral relations, grew 12.5 percent to $23.3 billion.

With more domestic demand being sated by overseas production, some economists said they would likely reduce their forecasts for first-quarter U.S. economic growth by about a half percentage point to around a 3 percent annual rate.

So on the same day China the worlds 2nd largest economy posted a "surprise" trade deficit so does America the world's largest economy. Just how many of the worlds economies are in surplus and do the figures add up, ie you added up the surplus nations and subtracted all of those with deficits would you get 0?

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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