US, UK Trade Balance Trends Diverge Sharply
Sober Look | Aug 10, 2012 03:28AM ET
The US posted the lowest trade deficit in 18 months driven by increases in exports and declines in imports, particularly due to lower oil prices.
here ) - as UK goods look relatively expensive in the Eurozone.
This sharp divergence between the US and the UK trade balance numbers (chart below) is yet another example of the the impact the Eurozone is having on global economies.
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