U.S. Trade Deficit Expected to Boost Q2 GDP

August 12, 2008

Economists say the unexpected narrowing in the June trade deficit was
helped by continued strength in the export market, which
should give second-quarter GDP a boost when revisions are released later
this month.

The Census Bureau’s report said the trade deficit came in at $56.8
billion, compared to the -$62.0 billion balance expected by markets. In
addition…