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Macronomics: Service Exports Fall Nearly 20%, Saudi Remittances May Be Under Threat

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What's with Trade?

In this post we cover trade issues:

• The overall trade deficit (goods) is low but total trade has collapsed

• In particular indicators of a strong local economy, like electronic goods imports are crashing

• And service imports too are in dangerous territory

• Finally, remittances from Saudi - our third largest source of expat worker money - are under threat.

India's . . .

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