Unpredictable Capitalism

Once again the British economy has shown its unpredictable nature by growning more slowly in the past year than previously thought, official figures indicate. 'Revised figures show gross domestic product (GDP) in the third quarter of this year was 2.6% higher than in the same period in 2013, down from an earlier estimate of 3%. Also, the UK's current account deficit widened in the third quarter to £27bn. That put the difference between the country's export and import of goods and services at a record 6% of GDP. (BBC News, 23 December) The current account widening to £27bn points to troubles ahead. RD