Trade Deficit Grows to £7bn

May 16, 2010 by admin
Filed under: Economic Outlook 

According to figures from the Office for National Statistics, it is shown that UK’s trade gap widened to £7.5 billion in March as exports failed to lead the economic recovery. Imports surged by £1.4 billion over the month compared to £200 millioin rise in exports.
Capital Economics analyst said that the exporters still seem to be using the lower pound to boost their margins.

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