Growth Flashcards
1
Q
What’s the annual growth rate (2023)
A
0.1%
2
Q
What’s the quarterly growth rate
A
-0.3% 2023
3
Q
How many consecutive quarters is a recession (technically)
A
2 negative quarters
4
Q
What’s the UK output gap
A
-0.1%
5
Q
What’s GDP/Capita
A
£36,000
6
Q
What’s the 4 main contributors to GDP (exports)
A
Services (Financial) 79%
Manufacturing 14%
Construction 6%
Agriculture 1%
7
Q
What is the type of growth is the UK experiencing right now
A
Stagnating growth
8
Q
What’s total GDP at
A
Estimated to be £2.35 Trillion
9
Q
A
