44705
UK Current A/C Gap Stays
World Economy

UK Current A/C Gap Stays

As Brexit threatens to blast the UK economy, few things seem more exposed than the balance of payments, Bloomberg reported. The current-account deficit—the difference between money coming into the UK and money sent out—stood at £32.6 billion ($44 billion) in the first quarter, or 6.9% of economic output, the Office for National Statistics said on Thursday. That’s more than economists forecast and just below a record 7.2% seen in the fourth quarter of 2015. It also said the economy grew 0.4% in the first quarter, the same as previously estimated. Consumer spending grew at its fastest pace in almost a year, offsetting declines in business investment and exports.

 

Short URL : http://goo.gl/YzaDTu
  1. http://goo.gl/GnRbPK
  • http://goo.gl/omMmxf
  • http://goo.gl/gqHhC8
  • http://goo.gl/Z5Dpq5
  • http://goo.gl/5RzHaH

You can also read ...

The S&P Mumbai Stock Index Sensex shed 73.88 points or 0.21% and closed at 35,548.26 while the Nifty50 index dropped by  17.85 points or 0.17% and settled at 10,799.85.
It is expected that the latest installment of concerns over...
Markets in Argentina, Brazil and Turkey took  the biggest hits from the fed rate hike.
Higher US rates are rattling many emerging markets in much the...
Copper Slips to 2-Week Low
Copper eased for a third session on Monday on fears trade...
JPMorgan argues the record levels of debt in the US are a clear late-cycle indicator—and sees tough times ahead, at least in credit markets.
It seems like every time Joseph Harvey opens the Wall Street...
New Zealand Economy Facing Headwinds
New Zealand’s economic growth is expected to have slowed...
Without users, it would simply be a worthless token.
Cryptocurrencies are not scalable and are more likely to...
Egyptian Lawmakers Decry Sisi Gov’t Economic Reforms
A group of Egyptian lawmakers on Sunday criticized recent...
Turkey Jobless Rate Falls to 10.1%
Turkey’s unemployment rate stood at 10.1% in March, falling 1....

Trending

Googleplus