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International Developments

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In January, the gap between US imports and exports narrowed. It's too soon to tell whether this represents a break in what appears to be an almost uninterrupted decline in net exports since 1992. (Actually, since early 1995 - around the same time the dollar's decline was reversed - net exports have been relatively constant)

Suggested citation: “International Developments,” Federal Reserve Bank of Cleveland, Economic Trends, no. 96-05, pp. 18-19, 05.01.1996.

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