The UK's external trade accounts are looking quite poorly at the moment. The latest forecast is a current account deficit of over £150 billion in 2023 which would be above 6% of the UK's GDP. To what extent is such a large and rising current account deficit a cause for concern? This short revision video looks at three aspects that might be useful to explain and discuss in an exam answer.

#ukeconomy #edexceleconomics #aqaeconomics

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