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<p>The current account deficit was 5.1 per cent of GDP in 2014. The trade balance
has been broadly stable, while the UK’s net investment income has fallen, as weakness
in the euro area has depressed the returns on the UK’s holding of foreign direct investment.
Figures for Q2 2015 show that the deficit has narrowed, driven by an improvement in
the trade and investment income balances. The Office for Budget Responsibility forecasts
a narrowing of the current account deficit over the forecast period.</p>
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