Wednesday, Dec 09, 2009

Trashed Pound still not helping exporters

BBC: UK trade gap widens unexpectedly

It's pretty depressing," said Alan Clarke from BNP Paribas. "We were hoping part of the recovery would come from [export] trade, but so far it's just not happening."

Posted by cat and canary @ 11:34 AM (1119 views)
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3 Comments

1. Cusinvinnie said...

The biggest export product being, inflation?

Wednesday, December 9, 2009 11:54AM Report Comment
 

2. Pedro said...

The concluding comment is a cracker!-our exchange rate has been totally trashed to try & stimulate an export led recovery(bit difficult when you (a)don't make much to export anymore and (b) all your export markets are knackered)and the trade gap widens but its not bad news as it indicates that domestic demand is improving.Great strategy this,massive fiscal stimulus to suck in yet more imports!Help-time to make that long promised relocation oversaes.

Wednesday, December 9, 2009 12:06PM Report Comment
 

3. mr g said...

"Economists, who were expecting a stronger rise in exports given the weakness of the pound, expressed their disappointment"

More nonsense from the Comedy Club.

I've lost count (or interest, I'm not sure which), of the economic indicators these clowns cannot forecast correctly.

Wednesday, December 9, 2009 12:45PM Report Comment
 

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