Uk Economic Indicators

UK Economic Indicators: UK gross domestic product, UK Interest Rates, UK Inflation Rates, UK Unemployment Rates, UK Economic Data The key UK scotch indicators are gross domestic product app overthrowage, unemployment rate, Bank of England interest rate, ostentation rate, 3 month treasury rate, humans debt, and imports and exports. GDP growth was 1.1 per centime in 2008. In 2009 and 2010 the economy is expected to contract, with GDP growth forecasts of -3.2 per cent and -1.1 per cent. The Bank of England had cut interest rates to 1.0 per cent by the end of 2008, and that is expected to drop to 0.5 per cent for more or less of 2009 and 2010. UK budget dearth stood at 5.3 per cent of GDP in 2008. With economic stimulus packages and bank bailouts being worked on, that is expected to expand to 11.3 per cent of GDP in 2009 and 13 per cent of GDP in 2010. In 2008, the UK had the 43rd largest relative national public debt, at 47.2 per cent of GDP. This figure could rise to 58.5 per cent of GDP by 2009 and 70 per cent of GDP in 2010, give thanks to the projected budget deficits of 2009-2010. Inflation had ramped up to 3.6 per cent in 2008, but has dropped back with the economic collapse and is expected to be 0.4 per cent in 2009 and 0.8 per cent in 2010. It had the 58th lowest inflation rate in the world at end 2008.

The 3-month Treasury rate has similarly dropped, from 5.5 per cent in 2008 to an expected 1.3 per cent in 2009 and 2010. The unemployment rate had reached 6.3 per cent in the UK by the end of 2008 according to the Office of National Statistics, reaching close to 2 million unemployed. This figure is likely to grow to the 2.5 million 3 million figures, taking unemployment dangerously close to the 8-10 per cent retch at end 2008. Other UK Economic Data The UK has a community of 61 million and a labour force of 31 million as of 2009. The UK has the third highest current account deficit in the world. It has a large trade deficit in manufactured goods. Its reserves of oil and gas in the conglutination Sea and coal... If you want to get a full essay, swan it on our website: Ordercustompaper.com

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