Wednesday, 26 June 2013

UK current account deficit (26/6/2013)

UK current account deficit.
Current account is difference between exports and imports of a country.
UK avergae quarterly deficit for last 10 years is -9.1 billion
Average quarterly deficit for last 3 years is -10.9 billion
Average quarterly deficit for last 1 year is -14.7 billion
Last quarter deficit is -14.0 billion.

It means UK is importing more and exporting less.

expected defficit for quarter april-june 2013 is -11.9 billion

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