The UK current account deficit widened to £21.1 billion in Quarter 1 (Jan to Mar) 2020, or 3.8% of gross domestic product (GDP); the underlying UK current account deficit excluding non-monetary gold and other precious metals narrowed slightly, by £1.3 billion, to £19.9 billion, or 3.6% of GDP in Quarter 1 2020. In Quarter 1 2020, total trade exports (£159.5 billion) decreased to their lowest levels since Quarter 1 2018 and imports (£160.7 billion) decreased to their lowest level since Quarter 4 (Oct to Dec) 2016 as the global coronavirus (COVID-19) pandemic took hold and countries introduced lockdowns; this ... (full story)