City braced for fresh contraction

Updated
Exports
Exports

Suspicions that UK output declined in the final quarter of 2012 have been fuelled despite a narrowing in the country's trade deficit.


The gap for goods and services of £3.5 billion in November was better than £3.7 billion in October but economists said without a bigger improvement in December net trade will act as a drag on GDP in the fourth quarter.
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