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The United Kingdom

Author

Listed:
  • Simona Moagar Poladian

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.

Suggested Citation

  • Simona Moagar Poladian, 2014. "The United Kingdom," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    • Handle: RePEc:iem:conjun:y:2014:id:2822000009586135
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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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