Context Flashcards
3 key strengths of UK economy
services
Cutting edge research
Attractive tax
Size of UK service sector
79% in 2017
4 weaknesses of UK economy
Brexit
High G and household debt
Low productivity/real wage stagnation
regional disparities
UK net FDI
2.5%
UK IR
0.75
Uk u/e
3.9%
UK fiscal balance
-1.35
Uk current account
-4.07%
UK external debt `
313%
2 strengths of greece economy
Tourism
maritime transport
Weaknesses of Greece 6
High public debt Poor banking Tax evasion Little high tech industry fiscal restraints high unemployment
Size of greece national debt
183% GDP
EU/Greece base rate
0%
Size of Greece external debt
228%
Greece unemployment
18.4%
Greece Fiscal balance
-0.15
Strengths of chinese economy 4
Debt (public/private) is owed domestically High FX reserves High infrastructure moving up supply chains Dynamic services (esp e-commerce)
Weaknesses of the Chinese economy 4
CA surplus expected to become a deficit
Rising corporate debt
Ageing population
Environmental damage
Chinese exchange rate system
Renminbi/Yuan - Hybrid - state interfere to keep it competitive
Chinese base IR
4.35
Chinese CA balance
1.37%
Chinese investment
41.89%
Chinese Gross national savings
47.4%
UK gross national savings
15.8%
Investment UK
17.35
Fact about Chinese growth
average 10% over last 30 years
Recent Chinese GDP growth
6.9% 2018
Strengths of US economy 4
Flexible labour + high employment
Market leader
Low corporate tax
Rising energy self-sufficiency
Weaknesses of US economy 4
Low labour market participation
Geographical immobility
High household debt
Outdated infrastructure and rising inequality
US u/e
3.9%
Size of us economy
20494bn
Size of world economy
84740bn
US fiscal balance
-4.63%
Strengths of Zambian economy 3
Mineral Wealth
Agricultural wealth
Hydroelectric potential
Zambian minerals and agriculture
Copper, cobalt, uranium, gold
Maize, tobacco
Weaknesses of Zambian economy
Dependence on Copper and China to import it landlocked insufficient energy high inequality crucial infrastructure defficiencies
Zambian inflation
10.7%
Size of Zambian economy
25bn $
RTA for Zambia
Commen market for eastern and southern africa (COMESA)
Zambian life expectancy
57.10
Zambian HDI ranking
144th
Overseas aid received zambia
4.1%
Zambian unemployment
7.79%
Zambian currency
Kwacha - hybrid
Strengths of Peru 4
Mineral/energy/agricultural/fishery wealth
low public debt
tourism
independent central bank
Weaknesses of Peru
Dependence on raw material exports and CHINA Lack of credit Inadequate infrastructure Huge informal sector regional disparities
Percentage of informal sector jobs
70%
govt debt peru
25.7%
Zambia % living in extreme poverty
52.7%
Peru remittances
1.4% GDP
Peru copper?
Second largest exporter
2.4 mil tonnes
