Total trade between the U.S. and Saudi Arabia during
March showed positive signs of economic growth for both countries. The U.S.
trade in goods and services deficit widened to $51.4 billion in March from a
revised $35.9 billion in February. It is the highest shortfall since October of
2008, as the end of a dispute at the West Coast ports lead to a surge in
imports. The U.S. recovery has lost momentum during the winter months and the
pace of hiring has moderated, the Federal Reserve said in a statement released
on April, reinforcing expectations that rates would be kept near zero at next
meeting in June or longer. Real GDP in the first quarter was the weakest expansion since the first quarter of 2014 as
business investment and exports slumped and consumption grew at a slower pace.
((I want the same thing but for May,2015))
try to research the major economic and trade highlights for the month of May 2015. Make sure that you site any information that you find, so we could determine if the website is accurate. Bloomberg economic calendar is a great website that you could start from.
Your task, is to write one paragraph as an opening statement for this months economic report.