Uk Flashcards by Kaizen Rai

Q

2022 growth rate

A

4.1%

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Q

Annual growth forecast

A

-0.2%

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Q

GDP per capita

A

£33k

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Q

Total GDP

A

£2.4 trillion

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Q

GDP breakdown %

A

79 services
14 manufacturing
6 Construction
1 agriculture

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Q

Unemployment rate

A

3.8%

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Q

Wage growth

A

6.6%

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Q

Consumer confidence

A

Low

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Q

Job vacancies

A

Record high but falling

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Q

Inflation rate

A

10.1%

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Q

Causes of inflation

A

Food prices, 19.1% inflation
Energy

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Q

Current account deficit

A

3.3% of gdp

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Q

Productivity and investment

A

Very poor

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Q

Exchange rate

A

Weak and depreciating, $1.24

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Q

Min wage

A

£10.42

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Q

budget deficit 22-23

A

6.1% of gdp

Q

National debt

A

100% of gdp

Q

Gini coefficient

A

0.343

Q

BoE base rate

A

4.5%

Q

Average lending rate

A

5.25%

Q

Savings ratio

A

9.3%

Q

Total QE

A

£895 billion

Q

Stagflation

A

High inflation low growth, Uk experienced this, can use Phillips curve

Q

External shocks

A

financial crisis, brexit, pandemic, energy price

Q

Government bond yield

A

3.4%

Q

Significance of wage growth

A

Still lower than inflation

Q

Competitiveness ranking

A

22- 23rd
21- 18th