$40.4 billion in November
Posted on January 13th, 2009 by MoverMike
Ino.com reports
The trade deficit plunged to the lowest level in five years in November as a deepening recession slashed demand for oil by a record amount. Imports from China also fell by the largest amount on record.
The median forecast was for a trade deficit of approximately $51 Billion. The trade deficit for November, 2007 was reported as $59.8 Billion. Quite achange. To borrow from Sen. Clinton, “It takes a recession!”
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