US trade deficit surges to a record high in Feb ...Qatar

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US trade deficit surges to a record high in Feb
source : ٌRayaٌ news ( Qatar ) () 19
The US trade deficit surged to a record high in February as the nation’s economic activity rebounded more quickly than that of its global rivals and could remain elevated this year, with massive fiscal stimulus expected to spur the fastest growth in nearly four decades. The economy is roaring as increased Covid-19 vaccinations and the White House’s $1.9tn pandemic rescue package boost domestic demand, a chunk of which is being satiated with imports. The aggressive government intervention and the Federal Reserve’s ultra-easy monetary policy have charted a robust growth path for the economy. The trade deficit jumped 4.8% to a record $71.1bn in February, the Commerce Department said yesterday.

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