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Thus the export recovery is weak, not helped by lack of demand from neighbouring Spain.
They meet this obligation by buying packaging recovery notes (PRNs) or packaging export recovery notes (Perns).
But sharp government spending cuts threaten to overshadow any export recovery this year.
The export recovery taking place this year is weaker than September's 20% year-on-year growth suggests.
Retailers buy these plastic export recovery notes – Perns – to satisfy the government they are contributing something to recycling plastic packaging waste.
And what little export recovery has occurred has been driven by services, not manufactured goods.Businessmen tend to support the government whatever its complexion not the opposition.
Similar(49)
In the last decade, two fledgling export recoveries in Japan died as consumption at home failed to take hold.
Given that services account for about 40% of UK exports, a recovery in services exports is vital if the UK is to improve its overall trade performance.
The Treasury said: "Government has stated the need for a rebalancing of the economy and an export led recovery".
If each country exports different things then you can have a situation where all countries experience an export led recovery.
WOTW wrote "but they can't all have an export led recovery" Actually that is logically not true.
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CEO of Professional Science Editing for Scientists @ prosciediting.com