The Great Rebalancing will experience many wobbles. Data yesterday showed an unexpected 8 per cent narrowing in the US trade deficit. Much of the gap closed because of lower oil imports. But a weaker dollar also pushed exports to their highest level in a year, suggesting a 1 per cent contribution to growth in the fourth quarter, according to Capital Economics. Such a boost is welcome, but this is still no bonanza: imports and exports remain almost 20 per cent below last year's peaks.
manbetx app苹果 manbetx20客户端下载 的宏大再平衡过程，必然会经历许多摇摆。昨日数据显示，美国贸易赤字令人意外地收窄8%。赤字收窄在很大程度上是因为石油进口量降低。但是，美元走软也推动美国出口达到一年来最高水平。据资本manbetx20客户端下载 (Capital Economics)估计，这将给第四季度增长带来1%的贡献。这种提振是可喜的，但还算不上形势大好：美国进出口仍低于去年峰值水平近20%。
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