Investing
2011 Trade Deficit Hits 3-Year High, Over $550 Billion
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The November trade gap from the prior month was originally reported as $47.75 billion., but that was revised lower to $47.06 billion.
The full preliminary figure for the trade deficit in 2011 is up 11.6% from 2010 at a level of $558.02 billion. That is the highest level since 2008. The deficit with China also hit a new record with an 8% gain to $295.46 billion.
JON C. OGG
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