Saturday, November 10, 2007

Unit 3: Balance of Payments: Worst ever trade in goods figures

This BBC article describes the worst ever goods trade figures

http://news.bbc.co.uk/1/hi/business/7086592.stm

a) Why might this trade in goods defecit have worsened?
b) Why might the UK international financial position not be as bad as this figure indicates?

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