"It's our exports ... and indeed we are running in our country a trade deficit -- no question about that," says Dr. Walden. "But in the last two years what's interesting is that our exports have actually been growing faster than our imports.

"Now they have not grown enough to overtake imports, but they have grown faster than our imports. In fact, last year our exports rose 9 percent, and this was actually a third faster than the increase of imports to our country," he explains. "And so what this actually means we are still competitive in the world economy. Our products are still sought after in the economy, and the fact that our exports are growing faster than our imports is actually making our trade deficit shrink somewhat.

"And it's also very reflective very clearly of the fact that the dollar's value has gone down."