US trade deficit continues to narrow
11-02-2009
The US trade deficit narrowed to nearly 40-billion dollars in December, the third consecutive month of a shrinking gap amid the global economic slowdown. The US Commerce Department reported that the seasonally adjusted December deficit fell 4.1 percent from November. This was much higher than the 35.5-billion forecast by most analysts. The US trade deficit for the whole of 2008 fell 3.3 percent from the prior year to 677-billion dollars.
