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07-14-2005, 03:09 PM#1
OPSenior Member
Deficit down,Trade up!
more terrible economic news!!lol.
Record exports and a decline in oil prices helped the U.S. trade gap unexpectedly narrow to 55.3 billion in may.
The deficit is by at least $100 billion because federal tax receipts have skyrocketed this year by 14.6%(or 204 billion) through june.Economic forecasters believe the budget deficit may come in at about 2.5% of GDP,wich is in line with the historical average over the PAST 40 YEARS.amsterdam Reviewed by amsterdam on . Deficit down,Trade up! more terrible economic news!!lol. Record exports and a decline in oil prices helped the U.S. trade gap unexpectedly narrow to 55.3 billion in may. The deficit is by at least $100 billion because federal tax receipts have skyrocketed this year by 14.6%(or 204 billion) through june.Economic forecasters believe the budget deficit may come in at about 2.5% of GDP,wich is in line with the historical average over the PAST 40 YEARS. Rating: 5
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