Failure to Drive Exports Will Stifle Growth, Warns Report

Western MailAugust 22, 2011

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Summary


THE UK has failed to harness the power of exports to drive forward economic recovery and is in danger of losing out in markets essential for future growth, a damning report warns today.

The report by the leading IPPR think tank will sound alarm bells in Wales with its warning that Britain's manufacturing sector is failing to make inroads in vital emerging economic powers such as Brazil, Russia, India and China.

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Failure to Drive Exports Will Stifle Growth, Warns Report

The authors of Surviving the Asian Century were alarmed to discover that while 5.1% of UK exports are to Belgium and Luxembourg only 2.9% goes to China. Furthermore, the ...

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