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Economic Commentary

Merchandise Trade and the Outlook for 1988

Will this year’s improvement in U.S. foreign trade be double, triple, or even quadruple last year’s gain? Many forecasters think this will happen and are expecting that a major growth of real net exports will fuel further expansion of our economy. There are many factors, however, working against trade improvement of this magnitude, making it unlikely that the expectations of the more optimistic of these forecasters will be met.

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. This paper and its data are subject to revision; please visit for updates.

Suggested Citation

Anderson, Gerald. 1988. “Merchandise Trade and the Outlook for 1988.” Federal Reserve Bank of Cleveland, Economic Commentary 4/15/1988.