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US Balance of Trade (Nov) -56.80B vs. Exp. -40.5B (Prev. -29.40B, Rev. From -29.4B, Low. -55B, High. -21.2B)

Newsquawk Staff ·

US Balance of Trade (Nov) -56.80B vs. Exp. -40.5B (Prev. -29.40B, Rev. From -29.4B, Low. -55B, High. -21.2B)

What it means

The US Balance of Trade for November came in much worse than expected, reflecting a significant widening of the trade deficit from the previous month. This larger deficit may suggest weaker demand for US exports and could have implications for GDP growth, complicating the economic outlook as the market weighs inflationary pressures against growth prospects.

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