“The export number is key, as exports add directly to GDP.”
The only problem with that is we are not set up to benefit from a falling dollar with exports.
“Analysts said the bulging US trade deficit, which is especially pronounced with China, as well as the housing market downturn have conspired to hobble growth.
US exports fell 1.2 percent in the January-March quarter while imports rose 2.3 percent, contributing to the weakest overall growth pace since the first quarter of 2003 when America launched a war to topple former Iraqi leader Saddam Hussein.
Rising demand for imported goods can dent growth, especially if it means that Americans, for example, are buying more foreign-made cars than comparable models made in Detroit.”
