UK recent macroeconomic performance Flashcards
1
Q
what was inflation rate in October 2022
A
11.1%
2
Q
what was inflation rate in October 2023
A
5.6%
3
Q
current interest rate
A
5.25%
4
Q
what was UK Growth from 2000-2008
A
under 3% each year
5
Q
what happened to growth in 2008
A
dropped into a recession
6
Q
how long was UK recovery after 2008 recession
A
6 years
7
Q
what was unemployment rate in 2008 - 2011
A
8%
8
Q
how long has UK had a current account deficit for
A
since 1984
9
Q
what accounts for 3/4 of GDP in the UK
A
Service Sector (Banking and insurance)