TeleTrade - Analytics

    TeleTrade

    759.50 6.50/10
    79% of positive reviews
    Real

    31.03.2016 09:42 U.K. current account deficit widens to £37.2 billion in the fourth quarter

    The U.K.'s National Statistics Office (ONS) released its current account data for the U.K. on Thursday. The U.K. current account deficit widened to £37.2 billion in the fourth quarter from £20.1 billion in the third quarter. The third quarter's figure was revised down from a deficit of £17.5 billion.

     

    Analysts had expected the current account deficit to increase to £21.1 billion.

     

    The fourth quarter's current account deficit amounted to 7.0% of GDP, the highest share since 1955.

     

    Declines in the current account deficit were driven by a drop in the deficit on primary and secondary income, and total trade.

     

    In 2015 as a whole, the current account deficit was £96.2 billion or 5.2% of GDP. It was the biggest deficit since 1948.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree