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14th Mar 2022 18:00U.K., Daily Monitor

  • January's record large trade deficit was not just due to erratic items; higher energy prices are partly to blame.
  • U.K. exporters also are continuing to lose market share; no reason to expect a turnaround this year.
  • Imports will continue to rise quickly, driven by higher energy prices and the recovery in outbound tourism.

brexit covid-19 deficit e.u. energy energy prices exporters exports gas prices imports January manufacturers manufacturing manufacturing pmi natural gas natural gas prices netherlands oil ONS pmi survey data trade trade deficit transport transport services

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Keywords for: This Year's Trade Deficit will be the Largest Since the Late 1980s

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