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Trade Gap in U.S. Probably Widened in March as Imports Rebounded
The trade deficit in the U.S. probably widened in March as imports rebounded from the biggest setback in three years, economists said before a report today. The gap grew to $50 billion from $46 billion in February, according to the median forecast of 75 economists in a Bloomberg News survey. Another report may show first-time claims for unemployment benefits last week held close to a one-month low. The pickup in the value of imports probably reflected higher fuel prices and a bounce back in shipments from China following the week-long Lunar New Year celebrations. At the same time, exports may cooled as slower global ... (full story)
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