The United Kingdom

Simona Moagar Poladian

Conjunctura economiei mondiale / World Economic Studies, 2014

Abstract: According to the last spring European Commission Report, the British economy has recorded a recovery in the 2013 year, when the GDP growth rate registered a rate of 1.7% compared to 2012, when this country was struggling not to fall back into the crisis ( 0.3% GDP rate growth). The European analysts explains this return to a faster pace by the refreshment of consumer demand, especially of the private consumption (2.2% versus 0.4% in 2011 and 1.4% in 2012). Reducing the unemployment rate from 7.9% in 2012 to 7.5% in 2013, while the European Union unemployment has achieved an alarming share (especially in the Southern states of the E.U. countries) has created a safety element in the economic recovery of UK, and also a guarantee that the economy would return back to a trend that is favorable to growth.

Keywords: GDP; consumption; inflation rate; investment; exports (search for similar items in EconPapers)
JEL-codes: E21 E22 E31 O11 (search for similar items in EconPapers)
Date: 2014
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Journal Article: The United Kingdom (2015)
Journal Article: The United Kingdom (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:iem:conjun:y:2014:id:2822000009586135

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