MAPI predicts 2012 job loss could be as high as 250,000

12/11/2012 | IndustryWeek

The global manufactures trade deficit in the U.S. grew by $8 billion in the third quarter of this year, which makes the increase in the deficit $169 billion since 2009, according to a new report from MAPI. Ernest H. Preeg, MAPI's senior adviser for international trade and finance, predicts the job loss for 2012 due to the deficit will be between 125,000 and 250,000. Meanwhile, China's surplus, which had increased by 24% in the first half of 2012, fell to a 4% gain in the third quarter due to slow growth in Europe and Japan, Preeg said.

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