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Dollar trend eases balance of payments deficit
New York based report notes imports exceed exports over two years but signals a turning tide as the October deficit drops to 415 million, the smallest since January. It cites Smithsonian agreement effects, inflation advantages, and rising productivity as factors aiding U.S. competitiveness while warning against protectionist quotas. It also highlights tourism, energy, and capital account challenges as areas needing improvement.
MENTIONED IN THIS ARTICLE
United States
George Meany
Afl-Cio
Ins
U.S
Far East
Middle East