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United Kingdom

Author

Listed:
  • Simona Moagăr Poladian

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.

Suggested Citation

  • Simona Moagăr Poladian, 2013. "United Kingdom," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    • Handle: RePEc:iem:conjun:y:2013:id:2822000009583027
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    More about this item

    Keywords

    GDP; Consumption; Inflation rate; investment; exports;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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