Excerpt from:  GFT Analysts in the News
.
January 07, 2009

$1.2 Trillion U.S. Deficit Expected for FY 2009

Economic stimulus plan likely to add to deficit
As the U.S. dollar retreats against the euro in forex trading, the news about the economy takes the forefront. Right now, there are estimates that a massive $1.2 trillion deficit is expected for fiscal year 2009.

Part of that figure includes the deficits that would result from the economic stimulus package that President-elect Barack Obama hopes to enact rather soon after he takes office.

There is speculation that such a deficit would undermine the U.S. economy further, damaging the fundamentals that support the U.S. dollar in forex trading.


Bookmark and Share
Topic Tags:  Barack Obama, economic stimulus, euro forex trading, forex trading, U.S. deficit, U.S. dollar forex trading

Syndication OptionsRSS (Rich Site Summary) Feed Atom Feed OPML (Outline Processor Language) Feed MYST-ML (MyST Markup Language) Content Feed MS-Office Smart Tag Subscription