Last year’s performance of the current account was much better than the consensus forecast, despite the fact this forecast was based on what turned out to be a much too optimistic world growth picture. If consensus forecasters had known that the UK would outgrow the world economy by over 1%, then their forecast for the current account would have been £9-14bn higher.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services