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Phil Magness: Trade Act 1974 report distinguishes trade balance and payments deficit

Phil Magness: Trade Act 1974 report distinguishes trade balance and payments deficit
Trade Act 1974 payments deficit distinction

The Trade Act of 1974 committee report made an important distinction between the trade balance and the Balance of Payments Deficit.

Phil Magness pointed out that the primary measure for the Balance of Payments Deficit was the Official Settlements series, a metric that has since been discontinued.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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