The Economy in Perspective
With a little help from our friends … The United States continues to import more goods and services than it sends abroad, and by a wide margin. According to preliminary estimates, the real trade deficit amounted to approximately $30 billion in the first quarter. During the past several years, our real net export deficit has been running about $100 billion annually, up sharply from the pace established earlier in the decade, but still below rates recorded in the mid-1980s. While some people regard this persistent trade imbalance as a boon to consumer. For people, however, think about the connection between trade flows and capital reform.
Suggested citation: “The Economy in Perspective,” Federal Reserve Bank of Cleveland, Economic Trends, no. 97-06, pp. 01, 06.01.1997.