U.S. Jan. trade gap largest since Oct. 2008 *PIC*

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U.S. Jan. trade gap largest since Oct. 2008 (by Greg Robb)

WASHINGTON (MarketWatch) -- The U.S. trade deficit widened by 4.3% in January to $52.6 billion, the largest gap since October 2008, the Commerce Department said Friday. The trade deficit was above the consensus forecast of Wall Street economists of a deficit of $49.0 billion. Imports rose faster than exports in January. The U.S. trade deficit with China widened to $26.0 billion in compared with $23.3 billion in the same month last year. The government also revised the deficit in December to $50.4 billion from $48.8 billion. This could trim estimates of fourth-quarter gross domestic product, now estimated to have grown at a 3.0% annual pace.

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