macro data for 2024 Flashcards
1
Q
growth in q1 of 2024
A
+0.2%, up from 2023 0.1%
2
Q
potential growth in 2024
A
2.5% before GFC
1%, bad for an advanced economy like UK
3
Q
negative output growth
A
-0.1%
4
Q
GDP
A
2.53 trillion, 79% made of the services sector, 14% made of the manufacturing sector, 1% agriculture, so economy heavily reliant on services
5
Q
unemployment rate
A
4.2% and is rising, only 15,000 people responding to the LFS
6
Q
how many ppl r working
A
74.5%
7
Q
economically inactive
A
22.2%
8
Q
inflation
A
3.2%, down from 11% in october 2022
9
Q
wage growth
A
5.6%
10
Q
current account deficit
A
4%, accounts for 2.3% of GDP
10
Q
youth unemployment
A
11.6% (NEETS)
11
Q
national min wage
A
£11.44
12
Q
budget deficit
A
4.2% of GDP
13
Q
National debt
A
98% of GDP
14
Q
Bond yields
A
down to 4.2%
