Business and Finance

WASHINGTON–The U.S. trade deficit narrowed sharply in March as demand for imports fell by the largest amount since the last recession was ending.

Commerce Department officials said yesterday that the deficit fell to $58.2 billion (U.S.), down 5.6 per cent from February, a larger improvement than had been expected. The smaller deficit reflected the U.S easy payday loans paydayloans. economy, which cut demand for imports by 2.9 per cent, the largest one-month decline since December 2001, one month after the last recession ended.

The decline was led by a 5.9 per cent decrease in America’s foreign oil bill.

Associated Press

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