UK recent macroeconomic performance Flashcards

1
Q

what was inflation rate in October 2022

A

11.1%

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2
Q

what was inflation rate in October 2023

A

5.6%

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3
Q

current interest rate

A

5.25%

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4
Q

what was UK Growth from 2000-2008

A

under 3% each year

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5
Q

what happened to growth in 2008

A

dropped into a recession

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6
Q

how long was UK recovery after 2008 recession

A

6 years

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7
Q

what was unemployment rate in 2008 - 2011

A

8%

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8
Q

how long has UK had a current account deficit for

A

since 1984

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9
Q

what accounts for 3/4 of GDP in the UK

A

Service Sector (Banking and insurance)

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