MACRO - Apps

Question 1

[🌴] Annual Growth rate

Answer 1

0.1% ( 2023)

Question 2

[🌴] Quarterly Growth rate

Answer 2

• 0.3% ( QA 2023)
  Reduction in quarterly growth

Question 3

[🌴] Annual Growth forecast

Answer 3

0.8% (2024)

Question 4

[🌴] Output gap

Answer 4

• 0.1%

Question 5

[🌴] GDP/Capita

Answer 5

£36,000

Question 6

[🌴] Total GDP

Answer 6

£2.53 trillion
Services = 79%
Manufacturing = 14%
Construction = 6%
Agriculture =1%

Question 7

[👷‍♂️] unemployment rate

Answer 7

4.2%
. Labour force survey not representative, not a valid figure, actual unemployment rate is higher

Question 8

[👷‍♂️] Employment rate

Answer 8

74.5%
. It was lower before Covid

Question 9

[👷‍♂️] Economic Inactivity Rate

Answer 9

22.2%
People of the working age that are not willing to work , not able to work nor seeking work
Figure has increased after Covid

Question 10

[👷‍♂️] Wage growth

Answer 10

5.6%

Question 11

[👷‍♂️] Job vacancies

Answer 11

Falling (loose labour markets)
Job vacancies are falling, the need for workers are falling

Question 12

[👷‍♂️] youth unemployment

Answer 12

11%
Ages: 16-24

Question 13

[👷‍♂️] consumer confidence

Answer 13

Very weak

Question 14

[ 👷‍♂️] Natural rate of unemployment

Answer 14

Around 3.5%

Question 15

[💸] Inflation rate ( CPI)

Answer 15

3.2%
Inflation peaked at 11.1% October 2022
Target rate of inflation = 2%

Question 16

[💸] core inflation

Answer 16

4.2%
The CPI rate without food, gas, electricity and fuel from the basket
Underlying rate of inflation

Question 17

[💸] Producer Price inflation

Answer 17

0.6%
Factory gate inflation
Tracks the change in input prices
Cost of production increasing

Question 18

[💸] Inflation expectations

Answer 18

3.3%
This is what households expect inflation to be

Question 19

[💸] Wage Growth

Answer 19

5.6%

Question 20

[⚖️] Trade: Current Account deficit

Answer 20

3.2% GDP

Question 21

[⚖️] Productivity and investment

Answer 21

Very poor

Question 22

[⚖️] Minimum wage

Answer 22

£11.44/hour

Question 23

[⚖️] Exchange rate

Answer 23

Weak £ ( WPIDEC)
£1=$1.24
£1=€1.16

Question 24

[⚖️] US and Euro Area

Answer 24

US = strong
Euro = stagnating

Question 25

[💷] Gov finances: Budget deficit

Answer 25

4.2% GDP (2023-2024)
Spending >Revenue

Question 26

[💷] National debt

Answer 26

98% GDP
The total stock of gov debt overtime