The UK deficit more than expected
The Institute for Fiscal Studies says that the UK deficit will be 2.7% what is way more what Chancellor Alistair Darling acknowledged in the pre-Budget report. To compensate the deficit the UK government need to find £39bn a year by the end of 2015/16.
From bbc.com
Japan’s exports decreased to 50%
Japan’s import-export calculation showed the country’s largest deficit on record in January, reaching 172.8bn yen. It was Japan’s first deficit in the last 13 years. The country is being hit by falling demand for its products abroad, as the global recession takes hold.