US trade gap narrows as energy boom upends consumption dynamics. Exports Rose by 0.9% to $194.86 Billion in November, highest level on record Not only is the...

US trade gap narrows as energy boom upends consumption dynamics. Exports Rose by 0.9% to $194.86 Billion in November, highest level on record Not only is the American energy boom underpinning export growth, it is reducing American demand for foreign oil, said Jay Bryson, global economist at Wells Fargo. If recent trade trends continue, Mr. Bryson said net exports could add one percentage point to the pace of GDP growth in the fourth quarter. (VIEW LINK)


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