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The reasons may be attributed to exit of conventional industries, increase in defence budgetary expenditure and so on. There are other reasons as well which are not so relevant than the above two.
What else can I help you with?
What does a persistent trade deficit cause?
A persistent trade imbalance can cause a chain reaction that affects income and employment.
What is trade deficite?
trade deficit occurs when? trade deficit occurs when?
Does US have a deficit or trade surplus?
Trade deficit
Is India a trade deficit or trade surplus?
deficit
Did the US have a trade surplus or deficit?
The USA has a trade deficit.
Does the UK have a trade surplus or trade deficit?
It has a surplus in trade of invisibles, and a deficit in trade of visibles.
Does Italy have a trade deficit or a trade surplus?
Germany currently has a trade surplus. COOL HUH !
What is visible trade deficit?
visible trade deficit occurs when import expenditure exceeds the export revenue.
What happens when the level of imports is greater than the level of exports?
A trade deficit
Does Egypt have a trade surplus or trade deficit?
their trade surplus
What is the difference among fiscal deficit budget deficit revenue deficit and trade deficit?
fiscal deficit: not enough money budget deficit: not as much money as you had planned to have in your budget revenue deficit: not enough money coming in trade deficit: you are spending more money on imports than the amount of money which you receive for your exports.
When the US buy more products than its sells from other countries what is created?
foreign trade deficit
