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Bev-enomics!

Beverly blogs about economics

Commercial Deficit

July 11, 2007

Our commercial deficit went up 2.3% during the month of May reaching the amount of 60 billions dollars according to the Commerce Department.

Exports grew 2.2% in May reaching the 132 billion dollars mark while imports increased 2.3% by the amount of 192 billion 100 million dollars.

Our economy nevertheless is the largest world wide, our next year budget alone reached the 623 billion figure and it represents only the 4% of the GDP.

We are number one but need to keep an eye in our financial investment growth abroad and the weakening of our economic structure at home, such a polarization might only bring about future dangerous and unmanageable problems.

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