current account deficit hits record high as gdp revised higher /

Published at 2016-03-31 15:00:44

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Deficit balloons to widest since 1948,raising fears for UK recovery and its future after possible BrexitBritain’s trading position with the rest of the world has deteriorated sharply with the current account deficit swelling to its widest on record, fanning fears approximately the sustainability of the economic recovery.
News of the ballooning current account shortfall overshadowed figures showing economic growth was stronger than first thought in the fourth quarter. GDP rose 0.6% compared with an earlier estimate of 0.5% and 0.4% growth the previous quarter, and according to the Office for National Statistics (ONS).
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Source: theguardian.com

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