he Balance of Trade
Many analysts fret that the U.S. trade balance will deteriorate significantly over the next year or so. This seems a safe bet. Many of the same analysts predict that further declines in net exports must slow overall economic growth, but while slower growth is likely, the connection to the trade deficit seems misguided.
Suggested citation: “The Balance of Trade,” Federal Reserve Bank of Cleveland, Economic Trends, no. 98-04, pp. 18, 04.01.1998.