Stats For Macro Flashcards by Sholto Harris Stuart

Q

Annual growth rate

A

7.4% - 2021

Came from the shrunken 10% economy in 300 years

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Q

Annual growth forecast

A

3.8% 2022, 1.8% 2023

Due to cost push inflation

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Q

Output gap

A

+0.7%

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Q

GDP/ capita

A

£31,400

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Q

Total GDP

A

£2.4 trillion

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Q

How much gdp from services

A

79%

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Q

Unemployment rate

A

3.8%

Furlough

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Q

Employment rate

A

75.5%

Lower than pre covid 80%

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Q

Economic inactivity rate

A

21.4%

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Q

Youth unemployment

A

11.1%

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Q

Long term unemployment

A

1%

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Q

Wage growth

A

5.4% - real wage growth negative

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Q

Job vacancies

A

At record high

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Q

Consumer confidence

A

Was high at covid easing - ad was 90% consumption in 2021 - recently fallen due to high cost of living

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Q

Inflation rate (cpi)

A

7% - peak at 8.4%

Demand pull - expansionary - fiscal stimulus

Cost push - oil and gas prices

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Q

Core inflation

A

5.7%

No price volatile products

Q

Producer price inflation

A

11.9%

If high - input costs are rising - raw material etc

Q

Food price inflation

A

5.9%

Q

Current account deficit

A

3.7% GDP

Q

Productivity and investment

A

Poor

Q

Exchange rate vs dollar

A

£1 = $1.26 - weak

Q

Exchange rate vs euro

A

£1 = €1.19 - both in recovery

Q

Minimum wage

A

£9.50/ hour

Q

Budget deficit (2020 - 2021)

A

14.5% GDP

Q

Budget deficit (2021 - 2022)

A

5.6% GDP

Q

National debt

A

96% GDP

Q

Bond yields

A

2%

Q

Tax free allowance

A

£12,570

Q

Tax bands

A

Frozen till 2026

Q

National insurance

A

Up by 1.25%

Q

Corporation tax

A

19% to rise to 25% in 2023

Q

Gini coefficient

A

0.363

Q

BoE base rate

A

0.75%

Q

Average lending rate

A

1.75%

Q

Banks willingness to lend

A

Good

Q

Saving ratio

A

6.5%

Q

QE

A

Total £895bn

2021 - £ 450bn