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Re: Trade deficits are always detrimental to their nations’ GDPs.Belief that a growing trade deficit means slower growth rests on the enduring myth, perpetuated by the U.S. Commerce Department's own language, that imports simply subtract from economic growth...Although there is an appealing plausibility to the belief, the evidence since 1980 contradicts it.
Re: Trade deficits are always detrimental to their nations’ GDPs.
Belief that a growing trade deficit means slower growth rests on the enduring myth, perpetuated by the U.S. Commerce Department's own language, that imports simply subtract from economic growth...Although there is an appealing plausibility to the belief, the evidence since 1980 contradicts it.
