Blaze@feddit.nl to Buy European@feddit.ukEnglish · 24 days agoEconomists, is this trade balance analysis correct?europe.pubimagemessage-square41fedilinkarrow-up1566arrow-down15file-text
arrow-up1561arrow-down1imageEconomists, is this trade balance analysis correct?europe.pubBlaze@feddit.nl to Buy European@feddit.ukEnglish · 24 days agomessage-square41fedilinkfile-text
minus-squareJustinAlinkfedilinkarrow-up1arrow-down2·24 days agoyes, but that’s caused by an excessive trade deficit. A slight trade deficit when you’re the world’s reserve currency is ideal.
minus-squareBrowseMan@sh.itjust.workslinkfedilinkarrow-up2·23 days ago“trade deficit” is a completly wrong expression. Why? Because it only count goods and not services. Services which, for a developed economy, are generaly above goods in part of GDP. https://www.bea.gov/data/gdp/gdp-industry
yes, but that’s caused by an excessive trade deficit. A slight trade deficit when you’re the world’s reserve currency is ideal.
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“trade deficit” is a completly wrong expression.
Why? Because it only count goods and not services. Services which, for a developed economy, are generaly above goods in part of GDP.
https://www.bea.gov/data/gdp/gdp-industry