Latest US Bureau of Economic Analysis News & Updates

Washington, Feb 21 (IANS) The US trade deficit widened sharply in December, capping a year in which America’s goods gap with India reached $58.2 billion.The goods and services deficit rose to $70.3 billion in December, up from $53.0 billion in November, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis said this week.Exports fell 1.7 per cent to $287.3 billion. Imports climbed 3.6 per cent to $357.6 billion.The widening gap was driven by goods. The goods deficit increase…