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France's economy also suffered from weak trade, with exports dropping by 1.5%.
They included Britain's relatively weak trade position, with a record current account deficit last year.
Several economists wrote on Wednesday that the weak trade data could spur Beijing to devalue the renminbi, a move that would be problematic for United States-China relations.
The first encounter is constituted by the triangle between very weak trade unions, a very unpopular president and a largely irresponsible opposition.
In its twice-yearly outlook, the Organisation for Economic Co-operation and Development (OECD) highlighted risks from emerging markets and weak trade.
He added that recent weak trade data showed that the economic recovery has been unbalanced – too dependent on consumers, instead of exports and business investment.
Similar(42)
Besides the weak trading results, the lackluster numbers also reflected weakness across a range of businesses, including its investment banking unit.
Last week, the National Discount Brokers Group, which derives the bulk of its revenue from share-trading operations, posted a first-quarter operating loss, attributing it to weak trading performance.
Hence, in part, a weak trade-union movement.Other reasons lie in the PP itself.
The weak trading figures sent Kingfisher's share price down 4% to 290p.
The oddity is the spate of profits warnings and statements of weak trading from substantial companies.
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