Widening UK trade deficit prompts fears for growth
by Heather Stewart from Economics | The Guardian on (#6Q3F)
Analysts warn recovery may be waning as ONS reports deficit on goods and services nearly doubled in February to 2.9bn from 1.5bn
Britain's trade deficit with the rest of the world widened sharply in February, in the latest sign that economic growth may have moderated in the first quarter of the year.
The Office for National Statistics said the deficit on goods and services was 2.9bn in February, up from 1.5bn in January, with the worsening picture mainly caused by a slowdown in goods exported to non-EU countries, particularly the US.
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