Published On: Sat, Mar 5th, 2016

US Trade Deficit Widens Amid Slowing Global Economic Growth

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The US trade deficit grew more than expected in January as exports fell more sharply than imports amid a slowing global economy, Commerce Department data released Friday showed.

The trade gap rose 2.2 percent to $45.7 billion in January, well above the analyst estimate of $44.0 billion. Reflecting the sluggishness in the global economy, falling oil prices and a strong dollar, exports and imports fell to their weakest levels since early 2011. afp

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