Trade Flashcards
1
Q
Current Account Deficit (% of GDP)
A
3.2%
2
Q
State of Productivity & Investment in UK
A
Very Poor
Especially compared to pre-financial crisis
Weak Business Investment since Brexit
Costs of Production higher, leading to lowered export competitiveness
3
Q
Minimum Wage (£) and % Increase by Year
A
£11.44/hr
Increasing by 10% each year
4
Q
£ to $
A
£1 = $1.24
5
Q
£ to € Exchange Rate
A
£1 = €1.16
6
Q
Performance of Main Trading Partners (US and Euro Area)
A
US~Strong
Euro Area~Stagnating
