MACRO - Apps Flashcards
[🌴] Annual Growth rate
0.1% ( 2023)
[🌴] Quarterly Growth rate
- 0.3% ( QA 2023)
Reduction in quarterly growth
[🌴] Annual Growth forecast
0.8% (2024)
[🌴] Output gap
- 0.1%
[🌴] GDP/Capita
£36,000
[🌴] Total GDP
£2.53 trillion
Services = 79%
Manufacturing = 14%
Construction = 6%
Agriculture =1%
[👷♂️] unemployment rate
4.2%
. Labour force survey not representative, not a valid figure, actual unemployment rate is higher
[👷♂️] Employment rate
74.5%
. It was lower before Covid
[👷♂️] Economic Inactivity Rate
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
[👷♂️] Wage growth
5.6%
[👷♂️] Job vacancies
Falling (loose labour markets)
Job vacancies are falling, the need for workers are falling
[👷♂️] youth unemployment
11%
Ages: 16-24
[👷♂️] consumer confidence
Very weak
[ 👷♂️] Natural rate of unemployment
Around 3.5%
[💸] Inflation rate ( CPI)
3.2%
Inflation peaked at 11.1% October 2022
Target rate of inflation = 2%
[💸] core inflation
4.2%
The CPI rate without food, gas, electricity and fuel from the basket
Underlying rate of inflation
[💸] Producer Price inflation
0.6%
Factory gate inflation
Tracks the change in input prices
Cost of production increasing
[💸] Inflation expectations
3.3%
This is what households expect inflation to be
[💸] Wage Growth
5.6%
[⚖️] Trade: Current Account deficit
3.2% GDP
[⚖️] Productivity and investment
Very poor
[⚖️] Minimum wage
£11.44/hour
[⚖️] Exchange rate
Weak £ ( WPIDEC)
£1=$1.24
£1=€1.16
[⚖️] US and Euro Area
US = strong
Euro = stagnating
[💷] Gov finances: Budget deficit
4.2% GDP (2023-2024)
Spending >Revenue
[💷] National debt
98% GDP
The total stock of gov debt overtime
