Exact(8)
In fact, net exports (ie, exports less imports) have been helping to hold growth up.
However, it is leading to some minor discrepancies in the contribution of net trade (exports less imports) to real GDP growth.
Then, even though overall supplies fell much less, imports of crude oil and petroleum products briefly dropped more than 20percentt, according to the American Petroleum Institute.
Normally, when an economy is in the doldrums, one can expect the trade deficit to shrink because consumers buy less imports; but the UK's main trading partners are in the soup, so this hasn't helped.
The contribution from net trade exports less imports—has more than offset falls in domestic demand, which remains traumatised by excessive debt (households owe 209% of disposable income), continuing austerity and a financial squeeze as the now well-capitalised but unprofitable Irish banks limp along.But this brightening picture is not all that it appears.
Moreover, the expansion was driven by domestic demand, which creates the potential for other euro-zone countries to increase their exports to Germany; indeed, net trade (exports less imports) subtracted from German growth.But though the euro zone's biggest economy is in fine fettle, that is not the case for its second- and third-largest.
Similar(50)
That makes the cars cheaper for Indian consumers, as there is less import duty to pay.
"The sums of money involved in the investment needed are very, very small, certainly compared to the sums spent on other things of less import.
SOMETIMES, when I get really tired of being concerned and vigilant, or supportive of political leaders whom I otherwise might not support in times of less import, I think back to the good old days in New York before Sept. 11.
Every word out of my mouth — and those also uttered with less import, by Keith, Dandy Don, the Giffer, Alex Karras, Francis Asbury Tarkenton and yes, even the Juice — was heard by anyone who desired.
There had been a decline in parallel trade since the referendum, he said, and "if the pound remains suppressed or at these new lower levels, you would expect to see less import, more export".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com