The United Kingdom

Simona Moagar Poladian

Conjunctura economiei mondiale / World Economic Studies, 2015

Abstract: The spring Report of the European Commission published in 2015 revealed a sustained growth of the British economy in 2014. Even if two years ago U.K. was struggling not falling back into recession, with an annual GDP pace of 0.3% still the rate of growth increased gradually to 1.7% in 2013 and 2.8% in 2014. The European analysts considered the sustained peace of private consumption (2.2% versus 0.4% in 2011 and 1.4% in 2012) contributed to an economic growth. Reducing unemployment rate from 7.6% in 2013 to 6.2% in 2014 is not an alarming fact in comparison to unemployment rate in the EU that had reached to an alarming level (especially in Southern part of the E.U. The low level of unemployment and the increasing exports constitutes guarantee that the UK economy is restored at a favorable trend of sustainable growth.

Keywords: GDP; consumption; inflation rate; investments; exports (search for similar items in EconPapers)
Date: 2015
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Journal Article: The United Kingdom (2014)
Journal Article: The United Kingdom (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:iem:conjun:y:2015:id:2822000009595011

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