Trade Flashcards
1
Q
what is the current account deficit
A
3.2% of gdp
2
Q
productivity and investment
A
poor (since 2008 has barely risen, low investment after brexit)
3
Q
minimum wage
A
£11.44/hour
4
Q
exchange rate
A
weak. currently £1=$1.24, £1=€1.16. was $1.60 and €1.40 before Brexit
5
Q
trading partners
A
US (strong) and Euro area (stagnating)
