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15th Nov 2021 18:00U.K., Economic Monitor

  • U.K. exports in Q3 were 14% below their 2018 average, a larger shortfall than in any other G7 economy.
  • It's not just services exports; U.K. goods exports are well below their pre-Covid level; Brexit is to blame.
  • Several potential further headwinds loom, including the risk of further trade barriers from the EU.

brexit deficit demand dollar e.u. economy energy energy prices export export orders exporters exports g7 gdp global goods government growth imports index ireland it labour machinery manufacturers market natural gas net trade new export orders northern ireland orders pmi prices production real exports remain services supply surveys total exports trade trade deficit transport u.s. world trade

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