Analysis: In 2015, Manufacturers’ Challenges Will Persist, But Demand Should Improve.
In an analysis of business trends for 2015, the Wall Street Journal (1/5, B1, Subscription Publication) predicts that US manufacturers that export will see a continuation of challenges from 2014, when the nation’s trade deficit in manufactured goods grew yet larger – to $606 billion for the first 10 months of the year, mainly due to weak demand in Europe and Latin America, even as the dollar grew stronger and the US increased imports of merchandise from China. In 2015, demand for US goods is likely to be a bit stronger from Europe, Japan, and Latin America, according to economist Daniel Meckstroth of the research foundation MAPI. He also forecasts that the US economy will grow at a faster pace than those of other advanced economies, a trend that would help boost imports to the US.
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