Moderatoren » Cheap Evgenii Dadonov Jersey

WASHINGTON Frank Clark Jersey , May 5 (Xinhua) -- U.S. trade gap widened further in March, driven by a surge in imports, the Commerce Department said Tuesday.


The country's trade deficit expanded 43 percent from the previous month to 51.4 billion U.S. dollars in March, the largest since October 2008. In March, exports increased 1.6 billion dollars from February Rees Odhiambo Jersey , or 0.9 percent, to 187.8 billion dollars, while imports rose 7.7 percent to 239.2 billion dollars.


A strong dollar and a labor dispute that disrupted shipping at West Coast ports have continued to affect the trade figures in the month.


The surge in the monthly trade deficit had certain adverse impact over the country's economy in the first quarter of the year. U.S. real gross domestic product increased at an annual rate of 0. 2 percent in the first quarter, due to a bout of blizzards and a strong dollar's drag on exports.


by Mahmoud Fouly


CAIRO, May 1 (Xinhua) -- The Egyptian economy is still struggling with trade and budget deficits as well as upcoming unpaid dues despite the improvement of the country's credit rating and the decline of its external debts Jarran Reed Jersey , said Egyptian economic experts.


The Central Bank of Egypt (CBE) has recently announced the decline of Egypt's foreign debts to 41.3 billion U.S. dollars in the second quarter of the 20142015 fiscal year compared to 44.8 billion dollars in the first quarter of the same year.


"The Egyptian authorities have recently paid off about three billion dollars of its dues to the external world (in the form of bonds and deposits), which affirms the commitment and ability of the Egyptian economy to pay off its foreign obligations when due," the CBE explained in a recent press release.


Egyptian economic experts, however, believe that the country's economy is still ailing as the payments of foreign debts mainly came from financial aids worth billions of dollars.


"The issue is that the payment of our debts came from interest-free deposits of Gulf states Germain Ifedi Jersey , not from real domestic resources made inside the country," said Ibrahim Nawwar, economic expert and former spokesman of the Egyptian industry and foreign trade ministry.


Payment of foreign debts would indicate real economic progress if it was made through real dollar resources, particularly direct foreign investment or extra exports, but the case is different because Egypt suffers insufficient foreign investment besides a trade deficit Tedric Thompson Jersey , Ibrahim told Xinhua.


TRADE & BUDGET DEFECITS