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The US external deficit decreased by 11.5% in November and amounted to $49.3 billion against a value of $55.7 billion in October. The negative balance, which reached a record level in 2008, fell to a 5-month low. Experts had expected the decrease only to $54 billion, Trading Economics reports. Exports declined by 0.6% compared to October and reached $209.87 billion. Deliveries of commercial aircraft increased, while sales of consumer goods and medicines, by contrast, fell. The United States reduced its purchases of oil and oil products, due to which imports decreased by 2.9% to $259.19 billion. The volume of purchases was minimal in two years. The trade balance deficit with China decreased by $2.8 billion and amounted to $35.4 billion. The trade balance deficit for 11 months of 2018 reached $552.3 billion compared to $500 billion in 2017. This is the second value in the last 10 years. The maximum negative balance was recorded in 2008 at the level of $700 billion.
Thailand’s economy hit its sharpest downturn in eight years in the first quarter. Though it contracted by less than speculated, struggling months impend as the coronavirus crisis ravages tourism and domestic activity. Southeast Asia’s ...
The Finance Ministry of the United Kingdom worries that the government’s budget deficit this year could reach a record 337 billion pounds as the coronavirus pandemic continues to wreak havoc to the British economy. This development is ...
Emirates, one of the world’s largest long-haul airlines, announced on Sunday its plan of increasing debtEmirates, one of the world’s largest long-haul airlines, announced on Sunday its plan of increasing debt to alleviate the damage ...
The first-quarter sales of Carlsberg (CARLb.CO) fell by 7% on Thursday. While the Dutch brewing company anticipates further decline in its second-quarter sales due to beer demand in grocery stores, it failed to consider the closure of pubs ...
Private home prices in Hong Kong declined for the second consecutive month in January, with a 0.2% dip as coronavirus outbreak hounds the property and real estate sector that has not fully recuperated from the previous burden brought by the ...
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