The US trade deficit widened by $191.6 billion to $1.541.7 billion in the first quarter, imposing the largest drag (3.2 percentage points) of all components of GDP growth. While total exports of goods and services fell 5.9% at the annual rate, total imports of goods and services increased
Nonfinancial business credit in China has been rising rapidly, supporting GDP growth, but the resulting leverage in the corporate sector makes it increasingly vulnerable to shocks. According to the US Federal Reserve, non-financial business credit in China has reached around 160% of GDP, a level that is much
The Congressional Budget Office (CBO) projects that business investment in the United States (fixed and in real terms) will increase 6.6% from the fourth quarter of 2021 to the fourth quarter of 2022. Business investment includes the purchase of new equipment, nonresidential structures, and intellectual property products, such
The customs of Mexico implemented facilities to carry out imports by parcel from the United States, highlighted the Department of Commerce. Indeed, on May 9, 2022, the Mexican Ministry of Economy published an updated agreement on the General Rules and Criteria for Foreign Trade, as described below. This
On Tuesday, Mitsubishi Electric Corporation announced an investment of approximately 2.2 billion Indian rupees (US$ 28 million) into its subsidiary, Mitsubishi Electric India. The investment will fund the establishment of a new factory in India. This facility is set to begin operations in December 2023. It will produce
Canada, Mexico, China, Japan and Germany ranked, in descending order, as the top trading partners of the United States in the first four months of 2022, considering only goods, not services. This is how their participation in trade with the United States (imports plus imports) turned out: Canada