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But there was also evidence the weak pound was stoking inflation by raising import costs.
If an economic slowdown also causes a withdrawal of overseas investment in the United States, the dollar could weaken, raising import prices and aggravating inflation, they say.
The cost of oil more than doubled last year, while the euro declined 14percentt against the dollar, raising import prices across the 11-nation euro zone.
The resulting ruling came after the U.S. Commerce Department concluded last week that Chinese manufacturers were selling solar cells and panels at improperly low prices and proposed raising import tariffs.
If Congress votes against the bill, Brazilian officials said they could retaliate by raising import duties on American goods or by disregarding intellectual property agreements with the United States.
A new report on household finances from Lloyds bank echoed other signs that the pound's steep fall since the Brexit vote is raising import costs for the UK and trickling through to higher prices for consumers.
Similar(51)
Imbalance may also result when aggregate demand runs above the supply potential of a country, forcing prices up or raising imports.
Farmers reduced the huge herds of mostly small and fatty lambs they had been raising, importing breeds from Finland and Denmark to improve the fertility of their ewes and producing larger, leaner lambs.
The 20% drop in the yen against the dollar over the past year will help not only to boost exports but, more important, to raise import prices and prevent deflation.
Russia has raised import duties on vehicles.
However, it raises import costs.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com