Macro stats for 2025 (Growth/unemployment)

Question 1

What was the annual growth rate in 2024?

Answer 1

1.1%, showing a stagnated economy

Question 2

What was last 2 quarters growth for 2024?

Answer 2

0% and 0.1%

Question 3

What is annual growth forecast?

Answer 3

1% by OBR and 0.75% by BOE

Question 4

Why has there been such low growth regarding AD?

Answer 4

-Gov spending cuts (to military)
-High interest rates
-Trump tariffs
-Low confidence

Question 5

Why has there been such low growth regarding supply side factors?

Answer 5

-High energy prices
-High food prices despite disinflation
-Weak investment

Question 6

What is the UK output gap?

Answer 6

-0.6% (Negative)

Question 7

What is GDP per capita?

Answer 7

£36,000 (STRONG WAGE GROWTH)

Question 8

What is GDP size? and where is this held?

Answer 8

£2.85 trillion. 79% in services, 14% in manufacturing, 6% construction and 1% agriculture

Question 9

What is current unemployment?

Answer 9

4.4% and rising (cyclical)

Question 10

What is the issue regarding the current employment in the UK?

Answer 10

Low on number of survey takers, extrapolated data is unreliable.

Question 11

Employment rate currently?

Answer 11

75.1%, lower than before covid

Question 12

What is the labour party’s goal for employment?

Answer 12

To reach 80%

Question 13

What is the economic inactivity rate in the UK?

Answer 13

21.4%. rising due to mental illness and chronic illnesses. As well as the rise elder people not returning to work.

Question 14

What is wage growth?

Answer 14

5.9% due to high wage negotiating power

Question 15

Are there more or less job vacancies?

Answer 15

Less, real wage unemployment