U.K. current account gap widens, pointing to another recession

03/27/2013 | Reuters

Confirming a 0.3% economic contraction in the fourth quarter of 2012, the U.K.'s Office of National Statistics reports the nation's current account deficit grew to £14.037 billion in the same period. The wider gap adds to indications that the U.K. is on track for a triple-dip recession with little hope for relief on the export front.

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