Re: What's going on in the UK and Crown Dependencies
Reply #308 –
UK exports aren't doing well and their trade balance is negative.
Britain’s trading position with the rest of the world was much worse than feared in the opening months of this year, intensifying concerns about how the economy will fare outside the EU.
The current account deficit narrowed only slightly in the first quarter from the record reached in the previous three months, data from the Office for National Statistics showed.
The figures also confirmed that the economy slowed in the first quarter and grew more slowly than previously thought in 2015, adding to the gloom amid warnings that Britain is on the brink of recession following the Brexit vote.
Normally a falling Pound should help the trade balance, but these are not normal times.