US Trade Deficit Widens GDP

< p > data released on Thursday (April 3rd) showed that the trade deficit widened unexpectedly in the "a href=" //www.sjfzxm.com/news/index_p.asp "us" /a "February, while exports hit a five month low. This data may indicate that the US economic growth rate in the first quarter of this year is far less than originally expected.

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< p > despite the poor trade figures, the US economic momentum is still increasing.

Other data released on Thursday showed that the service sector accelerated in March, and the situation before the severe winter was reduced.

But Citigroup analyst Peter DAntonio has said that the US economy will hardly grow faster than 1% in the first quarter of this year.

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The data released by the US Commerce Department on February showed that the deficit increased by 7.7% to 42 billion 300 million US dollars in February, when the country's "P href=" //www.sjfzxm.com/news/index_s.asp > trade < /a >, the largest since September last year.

The inflation adjusted trade deficit widened from $48 billion 500 million in January to $50 billion 100 million.

Analysts who thought the trade deficit would be narrowed to $38 billion 500 million were of the view that the poor balance of trade may reduce the US gross domestic product (GDP) growth by 0.5 percentage points in the first quarter.

Previously, the narrowing of the trade deficit helped boost the fourth quarter's economic growth rate by about 1 percentage points.

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In the first quarter, P's low economic growth forecast was further reduced.

Royal Bank of Scotland (GDP) lowered its annual growth rate of the first quarter from 1.2% to 0.6%.

Barclay and Morgan Stanley also lowered their respective valuations by 0.3 percentage points to 1.9% and 1.2% respectively.

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In the fourth quarter of 2013, the economic growth rate of P was 2.6%, but faced many resistance since then, including the unusual cold in winter, and the reduction of orders to manufacturers after the rapid replenishment of inventory in the second half of last year.

In addition, the expiration of long-term unemployment benefits and the reduction of the issuance of food (market area) vouchers based on fiscal reform also inhibited economic growth.

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After P, the United States will release non farm employment data on Friday (April 4th). The market expects that the number of non-agricultural employment will increase by 190 thousand in that month. If the increase in non-agricultural employment is less than expected, the market may be more pessimistic about the us a href= "//www.sjfzxm.com/news/index_c.asp" > Economic < /a > expectation, and the US dollar index may again be under pressure.

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