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Exact(54)
That decline is already helping to shrink America's external deficit.
Investment and output growth would be higher; the pesky external deficit would be lower.
As a share of America's economy, this external deficit has more than doubled since 1999.
Dearer money then helps to dampen domestic spending and thus trim the external deficit.
Given the size of America's external deficit, a further drop is likely.
It should eventually narrow the external deficit, by boosting exports and limiting imports.
Similar(6)
This led to a price explosion and massive external deficits.
Hardest hit by global risk aversion are countries with external deficits.
America's soaring external deficits have been financed by rising surpluses elsewhere.
Few countries that run big external deficits have avoided subsequent stresses.
There have been some monster external deficits down the years but the one notched up in 2014 trumped them all.
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CEO of Professional Science Editing for Scientists @ prosciediting.com