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Record US goods trade deficit seen cutting into fourth-quarter GDP growth
The U.S. trade deficit in goods widened to a record high in December, likely as businesses front-loaded imports of industrial supplies and consumer goods in anticipation of broad tariffs from President Donald Trump's new administration.
U.S. trade deficit in goods hits record high just before Trump took office. It won’t be easy to reduce them.
The U.S. posted a record trade deficit in good in 2024, spotlighting what is likely to be running sore spot under the second administration of President Trump.
U.S. Trade Deficit Soars As Buyers Race To Beat Trump's Tariffs
Trump has promised to enact strict tariffs on major trading partners, and economists said businesses are likely trying to get ahead of any potential effects.
Imports boost US goods trade deficit to record high as tariffs loom
The deterioration in the goods trade deficit reported by the Commerce Department on Wednesday raises the risk of a sharper slowdown in gross domestic product growth in the fourth quarter than economists had anticipated.
1h
on MSN
Thursday's Economic Calendar
GDP Gross Domestic Product represents the total value of the country's production during the period and consists of the ...
1h
Saudi Arabia GDP grew 1.3% in 2024, govt estimate shows
Saudi Arabia's economy returned to growth in 2024, with real gross domestic product increasing 1.3% compared to the prior ...
26m
on MSN
French Economy Shrinks Amid Political Mire
GDP was 0.1% less in the fourth quarter of 2024 than the third, as political deadlock took its toll on business and consumer ...
15h
on MSN
What To Expect From Thursday's Report On The GDP
The U.S. economy slowed but continued to grow at a healthy rate in the fourth quarter, if forecasters are correct.
1d
The Buffett Indicator Just Reached an All-Time High. What Should Investors Do?
Surprisingly few things are named after Warren Buffett. The Buffett Cancer Center at the University of Nebraska isn't named ...
philstar.com
3h
Philippines ends 2024 with 5.6% economic growth, missing gov’t target
President Ferdinand Marcos Jr.’s administration had aimed for a GDP growth target of 6% to 6.5% in 2024. However, for the ...
12h
Mexico's Economy Likely Shrank in Fourth Quarter: Reuters Poll
MEXICO CITY (Reuters) - Mexico's economy likely contracted from October to December, marking the first quarterly decrease in ...
manilastandard
4h
Philippines’ GDP grew 5.6% in 2024 despite sluggish 4th quarter expansion
The Philippines’ gross domestic product (GDP) grew 5.6 percent in 2024 despite a sluggish fourth-quarter expansion of 5.2 percent, data from the ...
1d
Swedish economy grows 0.2% in Q4, flash figures show
Sweden's gross domestic product grew 0.2% in the fourth quarter from the previous three-month period, a flash estimate from ...
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