Thread: Britain's recession woes deepen as exports slump

LONDON (Reuters) - Britain's goods trade deficit unexpectedly widened in April as exports plunged, raising the threat of a third quarter of economic contraction and adding urgency to new measures to foster growth as trading partners in the euro zone weaken. The country slid back into recession around the turn of this year, and more pain looms as a relentless debt crisis in the euro zone - the main market for Britain's exports - hits trade and makes companies reluctant to invest and hire. The Office for National Statistics said on Friday the goods trade deficit grew to 10.1 billion pounds ($15. ...



More...