Publisher's Synopsis
Excerpt from Annual Trade Projection Report to Congress: August, 1996
The us. Current account deficit was $148 billion in 1995, about the same as in 1 994 but smaller as a share of gdp. A structural improvement in our external position became apparent over the course of the year, offsetting transitory external factors that served to weaken the trade and current account. A delayed recovery in Japan and slow growth in the second half of the year in Europe held back exports, while adjustment in Mexico also delayed a turnaround in the current account deficit in 1995. Notwithstanding these factors, the trade deficit peaked in the second quarter of the year and has since begun to decline.
There are number of reasons for optimism that our underlying external position has improved.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
