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Trade and the balance of payments
Publication year - 2013
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/1468-0319.12020
Subject(s) - falling (accident) , economics , balance of payments , balance of trade , international economics , goods and services , balance (ability) , international trade , economy , medicine , environmental health , physical medicine and rehabilitation
Net trade was a substantial drag on GDP growth in 2012 and, though that turned around in 2013Q1, this was only due to imports falling by more than exports. The export weakness has been due to the poor performance of services and falling exports of goods to the EU. In contrast exports of goods to non‐EU countries have held up well, rising 3.8% in the three months to May relative to a year ago…