 United KingdomSimona Moagăr Poladian Conjunctura economiei mondiale / World Economic Studies, 2013 Abstract: In 2012 the UK economy was very close to a recession, after three consecutive quarters with negative rate of growth. The European Commission Report published in May 2013 announced a GDP increase of just 0.3%. The enduring euro zone economic crisis, the modest demand growth of the UK traditional trade partners and the implementation of the UK austerity package for diminishing budgetary deficit and public debt had generated a modest rate growth in 2012. In the last 5 years UK has confronted with a modest rate of economic increasing, one of the lowest among the OECD countries. In according to some country analysts last year was the most difficile period from the last two centuries for UK economy. A remaining positive factor resides in attracting FDI, Great Britain has been placing among the top 5 destinations in the world and the first one among the EU as a whole. The FDI volume registered a total of 62.7 billion euro in 2012 in UK. Keywords: GDP; Consumption; Inflation rate; investment; exports (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:iem:conjun:y:2013:id:2822000009583027 Access Statistics for this article Conjunctura economiei mondiale / World Economic Studies is currently edited by Simona Moagar Poladian, PhD More articles in Conjunctura economiei mondiale / World Economic Studies from Institute for World Economy, Romanian Academy Contact information at EDIRC. |
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