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GDP set to turn positive again due to shrinking U.S. trade deficit and end 'rule-of-thumb' recession

Por: MarketWatch Politics October 05, 2022

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Economists polled by The Wall Street Journal had forecast a deficit of $67.7 billion. GDP contracted in the first two quarters, meeting an old rule-of-thumb for when an economy is in recession. , however, uses a broader definition that suggests the economy has avoided a recession. Big picture: The U.S. trade deficit has tumbled since peaking at a record $106.9 billion in March. Exports have risen and imports have declined, particularly because... + full article



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