“Net Imports flatten for the next few years, even when nominal GDP is growing at 4% per annum… a nice boost in terms of trade for the U.S. economy. The U.S. oil boom not only has implications for employment, GDP and the dollar, but it will likely shape U.S. geopolitical strategy as well.”
– Joshua Demasi, Senior Sovereign Analyst at Loomis, Sayles & Company
