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Why has the UK's export performance been so poor.
- Source :
- Economic Outlook; Jan2014, Vol. 38 Issue 1, p21-30, 10p
- Publication Year :
- 2014
-
Abstract
- The UK's export performance since 2008 has been disappointing, especially when sterling's depreciation in 2008-09 is taken into account. This reflects a deterioration in relative wage costs, particularly relative to the US and Germany. In the four years from Q2 2009, export volumes grew by 17%. In contrast, Germany's exports grew by 34% over the same period. The poor performance of exports is one of the key reasons for lacklustre growth in the UK, with GDP still below pre-crisis levels... [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 0140489X
- Volume :
- 38
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Economic Outlook
- Publication Type :
- Academic Journal
- Accession number :
- 94357829
- Full Text :
- https://doi.org/10.1111/1468-0319.12056