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Economics A Level (DONEEEEEEE)

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Question:

Give me some Key Indicators of the UK Economic Situation.

Author: eric_galvao



Answer:

-In 2023, there was an Annual Growth Rate of only 0.1% -For 2024, there will be growth of 0.8%, with the First Quarter being 0.6% -UK Total GDP is £2.53 Trillion, with 79% coming from Services and 14% coming from Manufacturing -Unemployment Rate at 4.2%, UK NRU is at 3.5% -Inflation rate sitting at 3.2% -Current Account Deficit of 3.2% of GDP £1 = $1.24 and £1 = 1.16 Euros -Budget Deficit of roughly 4.2% of GDP, and a National Debt of 98% -Interest Rates sitting at 5.25%


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