Wednesday, January 12, 2011

Viva la export-led recovery!!!

November goods trade gap hits unexpected record high

Imports of oil and aircraft pushed Britain's goods trade deficit to a record high in November, in a development that will raise further concerns about fourth-quarter growth. "Exports are improving, they're going up, but just not as fast as imports," said BNP Paribas economist Alan Clarke.

Posted by general congreve @ 12:10 PM (999 views)
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2 thoughts on “Viva la export-led recovery!!!

  • “However the underlying deficit, which strips out volatile items like oil and aircraft, narrowed from October’s record high after a sharp rise in car exports”…..er, if car exports rose sharply shouldn’t that be a ‘volatile item’ too?

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  • general congreve says:

    @2 – Not to mention that most of the profits from the UK exporting cars actually end up in the coffers of other countries.

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