By: Radhakrishna N S
UK has witnessed a biggest shortfall in its balance of payments in 24 months during July to September period and recorded a fall in business investment prior to Brexit, according to a data released on Friday (21). The UK’s current account deficit widened by £6.6 billion to £26.5bn in the third quarter of 2018, or 4.9 per cent of gross domestic product (GDP), the largest deficit recorded since third quarter of 2016 in both value and percentage of GDP terms, said UK’s Office for National Statistics (ONS). All of the main components contributed to the worsening current account balance, with…
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