Europe’s Winners and Losers on Trade Balance

     Despite the euro’s rise against other currencies, the core nations of the European Union generated a trade surplus in April of 2.3 billion euro. But the results varied broadly by nation. Germany’s economy appears to be functioning at full throttle with a surplus of 50 billion euro in April while the United Kingdom led the losers with a trade deficit of -34 billion euro followed by Spain, -27 billion, and France with a deficit of -14.5 euro.

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