Trade gap shrinks further

Frank Debono

Sep 5th 2009, 18:40

And this is just the start of a long haul my friends.. there is more to come...yes after the budget!

P.Cassar

Sep 5th 2009, 11:57

VERY CLEAR SIGNS OF A SHRINKING ECONOMY MONTH AFTER MONTH

Galea. L

Sep 5th 2009, 11:16

"The drop in imports was mainly attributed to industrial supplies, fuels and lubricants..."
It's good to see that the trade gap has narrowed, but a look at the reasons shows that we are in for more problems as this was mainly attributed to industrial supplies meaning that our manufacturers are not expanding meaning that more layoffs are to be expected. Moreover, if one considers fuels and lubricants this means that people and industry are using less fuel and lubricants leading to a contraction in the economy and also indicates that people are not making ends meet and are trying to save as much as possible on fuel.