By the end of 2022, the US and the UK recorded record trade deficits of $1.18 trillion and $290.4 billion, making them the leader among major economies in this indicator. DEA News with reference to data from national statistical services.
The U.S. increased its trade deficit by 9.9 percent in 2022. This is the maximum value in the observation date.
Britain’s trade deficit rose by a third to $290.4 billion, while India’s, which halved its trade deficit in 2022, rose to $268.3 billion.
France’s trade deficit increased by 1.8 times compared to the previous year, reaching $171.7 billion, ranking fourth among major economies.
Andrey Kochetkov, formerly leading analyst at Otkritie Investments declarationIt could put a number of countries into default due to the possible sharp increase in the US Federal Reserve rate.
According to Kochetkov’s analysis, the economies of dozens of countries in Africa and Latin America, as well as India, are of concern. The expert pointed out that the foreign debt problem in US dollars is in the amount and the need for maintenance.