Saturday, May 7, 2011

U.S. twin deficits continue to expand the economy even more worrying.

U.S. Department of Commerce released Thursday, the latest report, while the dollar depreciated weight, but the surge in imports of consumer goods by a car and the impact of an accident in February trade deficit continues to expand, to 62.3 billion U.S. dollars, rose for the second consecutive month, also wrote down .a new high since November. .Meanwhile, the United States during the first half of fiscal 2008 federal deficit rose to a record high, underlining the general economic downturn, is also putting pressure on the budget. .<P> The U.S. trade deficit unexpectedly expanded in February for fear of making the already weak economy more down the line, in the first quarter economic growth has little hope. .Coupled with the rapid expansion of budget deficits, the U.S. "twin deficits" on the road grew farther away, the U.S. dollar the world currency status is bound to be threatened. .</ P> <P> "Business Times" reported that, according to the report, the U.S. trade deficit for February than in February from a revised 58.96 billion U.S. dollars, increased to $ 62,320,000,000, an increase of 5.7%. .The results far exceeded Wall Street forecasts of experts, receive access to Dow Jones news agency economists had expected February trade deficit will shrink to 571 billion U.S. dollars. .</ P> <P> U.S. exports in February rose 2% from the 148.38 billion U.S. dollars in January increased to 151.36 billion U.S. dollars. .Greater increase in imports in February was 3.1%, from 207.34 billion U.S. dollars in January expanded to 213.68 billion U.S. dollars. .And as analysts had expected, the value of U.S. crude oil imports declined in February, from 27.09 billion U.S. dollars in January decreased to 24.28 billion U.S. dollars, but the trade deficit does not therefore slow, mainly motor vehicles and cause significant increase in imports of consumer goods. .</ P> <P> February, foreign cars and related parts imports climbed Young 17.8 billion U.S. dollars, clothing, home appliances and other consumer goods imports surged 2.21 billion, as imports of capital goods such as computer accessories are also small Young $ 960,000,000 .. .</ P> <P style=MARGIN: 0px> The U.S. deficit with its major trading partners, the situation of China's trade deficit from January to 20.31 billion U.S. dollars, narrowed to 18.36 billion U.S. dollars in February; but from a deficit of Japan .months of $ 6,592,000,000, expanded to 6.877 billion U.S. dollars in February; and also from the euro zone trade deficit in January to 51.2 billion U.S. dollars, increased to February 60 billion. .</ P> <P style=MARGIN: 0px> in the trade deficit at the same time, the U.S. fiscal deficit has also continued to rise. .U.S. Treasury Department said on Thursday the first six months of fiscal 2008, the deficit amounted to 311.4 billion U.S. dollars, representing an increase of 20.5% over the same period last year. .This is also the history, the highest deficit in the first half, broke through the first six months of 2006, the old high of 302 billion U.S. dollars. .Annual budget deficit was estimated at 410 billion U.S. dollars. .</ P> <P> the Bush administration in February sent to Congress, the Budget, the estimated annual deficit of 4,100 billion U.S. dollars, very close to a record high of 413 billion U.S. dollars. .But analysts estimate much higher, the U.S. response to the current economic situation, and Congress passed the $ 168,000,000,000 economic stimulus package. .Tax rebate checks will start from next month and sent to 130 million households, hoping to increase consumer spending, to ensure economic downturn if any, should be merely a short and mild. .</ P> <P> Treasury budget report shows the first six months of fiscal 2008 - from October 1 start - revenue of 1.146 trillion U.S. dollars, representing an increase of 2.2% over the same period last year. .Government spending increased 5.7%, to $ 1,457,000,000,000. .</ P>.

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