The U.S. trade deficit widened by the most in eight years in April as imports of goods rebounded while exports of energy products declined, a trend that if sustained, could result in trade being a drag on economic growth in the second quarter.
US economy isn’t collapsing like Europe, but it’s absolutely not doing well by any serious measure. It’s very likely that US will enter recession either later this year or in 2024. Meanwhile, Russia is already selling oil at pre-war levels.
US economy isn’t collapsing like Europe, but it’s absolutely not doing well by any serious measure. It’s very likely that US will enter recession either later this year or in 2024. Meanwhile, Russia is already selling oil at pre-war levels.