UK Macroeconomic Data Flashcards
Made on February of 2025
What was the UK’s GDP growth rate in Q3 2024?
The UK’s GDP was flat (0.0% growth) in Q3 2024 compared to the previous quarter, indicating stagnation during that period.
RESEARCHBRIEFINGS.FILES.PARLIAMENT.UK
What was the UK’s annual GDP growth in 2024, and what is the forecast for 2025?
The UK economy is estimated to have grown by 0.8% in 2024, with forecasts predicting a growth rate of 1.7% in 2025.
REUTERS.COM
How did the UK’s GDP perform in November 2024?
The GDP increased by 0.1% in November 2024, following declines in the previous two months.
RESEARCHBRIEFINGS.FILES.PARLIAMENT.UK
What was the UK’s headline CPI inflation rate in December 2024?
The Consumer Prices Index (CPI) was 2.5% in December 2024, down from 2.6% in November.
HANBURYWEALTH.CO.UK
What was the UK’s core inflation rate in December 2024?
Core inflation, which excludes energy, food, alcohol, and tobacco, decreased to 3.2% in December from 3.5% in November.
HANBURYWEALTH.CO.UK
What is the expected average inflation rate in the UK for 2025?
Inflation is expected to average 2.7% in 2025, remaining above the Bank of England’s 2% target until mid-2026.
REUTERS.COM
What was the UK’s unemployment rate in November 2024?
The unemployment rate rose to 4.4% in the three months to November 2024.
RESEARCHBRIEFINGS.FILES.PARLIAMENT.UK
What was the UK’s employment rate in November 2024?
The employment rate was 74.8% during the same period, with 33.8 million people employed.
RESEARCHBRIEFINGS.FILES.PARLIAMENT.UK
What was the Bank of England’s base rate in January 2025?
The Bank Rate was maintained at 4.75% in January 2025.
RESEARCHBRIEFINGS.FILES.PARLIAMENT.UK
What was the UK’s 10-year gilt yield (govt bonds) in October 2024?
Yields remained above 4.2% during this period, reflecting market caution.
AHDB.ORG.UK
What was the GfK Consumer Confidence Index value in January 2025?
The GfK Consumer Confidence Index stood at -22 in January 2025, down from -17 in December 2024, indicating persistent consumer caution.
RESEARCHBRIEFINGS.FILES.PARLIAMENT.UK
What was the UK’s trade balance in November 2024?
The trade deficit was £11.0 billion in the three months to November 2024.
RESEARCHBRIEFINGS.FILES.PARLIAMENT.UK
What was the UK’s current account deficit in Q3 2024?
The current account deficit was £18.1 billion in Q3 2024, equivalent to 2.5% of GDP.
RESEARCHBRIEFINGS.FILES.PARLIAMENT.UK
What was the UK’s public sector net debt as a percentage of GDP at the end of December 2024?
Public sector net debt was 97.2% of GDP at the end of December 2024.
RESEARCHBRIEFINGS.FILES.PARLIAMENT.UK
What fiscal measures did the UK government announce recently?
The government announced a £70 billion spending package, funded by £40 billion in tax increases and £30 billion in borrowing.
AHDB.ORG.UK
