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To: Richard Mazzarella who wrote (34003)	5/16/1999 8:59:00 PM
From: goldsnow	Respond to of 116954

The surplus expanded last year as five straight quarters of economic contraction reduced demand for imports of everything from furniture, clothes, cars and computers to crude oil, lumber, semiconductors and steel. That's not likely to continue this year as government measures to pull the economy out of two years of recession stem the decline in imports. ''The current account surplus should narrow until the middle of the (fiscal) year'' because increased public spending and housing starts should boost imports, said Minako Iida, an economist at Deutsche Securities Ltd., before the report. quote.bloomberg.com