"The overall global trade volume will slowdown, reflecting weakening global demand"
- Joshua Shapiro, chief U.S. economist at MFR Inc.
U.S. trade deficit narrowed to 50.1 billion dollars in April from 52.6 billion dollars in March, Commerce Department figures showed on Friday.
"The overall global trade volume will slowdown, reflecting weakening global demand," Joshua Shapiro, chief U.S.
economist at MFR Inc. in New York. "U.S. exports and imports will continue to cool. Trade will be a broadly neutral factor for economic growth."
"April numbers reflect the global economic environment – we are experiencing the mini-version of what happened in trade balances in 2009 during the global recession after the financial crisis. Both imports and exports fell and brought the overall number down," said Polina Vlasenko, research fellow at the American Institute for Economic Research.
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