The US trade gap widened in March for the first time in eight months as exports fell faster than imports, the commerce department said yesterday.
However, the rate of fall in both exports and imports had slowed relative to the pace of recent months, suggesting world trade had begun to stabilise at a low level.
The data came as Christina Romer, chairman of the White House Council of Economic Advisers, said she expected US exports and business investment to drive long-term growth, with less of a contribution from housing and consumption.
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