Weak exports could hit chance of recovery in troubled Eurozone

Tim Wallace
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THE EUROZONE’S weak economic recovery was thrown further off track yesterday as new numbers showed exports were weaker than expected in March.

Its current account surplus with the rest of the world was squeezed in the month, falling to €18.8bn (£15.2bn) from €21.8bn a month earlier.

“The March decline is partly due to trade on goods (as imports from China resumed past the new year break) and partly to services, which goes against the long standing trend,” said economist Dominique Barbet from BNP Paribas.

“This confirms that net exports may be less favourable to Eurozone growth this year than they were last year.”

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