The U.S. trade deficit widened by $7.9 billion in June, the most since record-keeping began in 1992, to $49.9 billion, a report from the Commerce Department showed. Exports posted the biggest decline since April 2009.
The figures prompted some economists to reduce estimates for second-quarter growth. David Resler, chief economist at Nomura Securities International Inc. in New York, said the economy probably grew at a 1.3 percent pace.
And expect more contractions next year when taxes increase and inventories tumble.
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