UKs Economy in Europe Essay -- Economics Economy England United Essay

UKs Economy in EuropeWhen one negotiation about a strong economy, a few key frugal indicatorswill get mentioned splashiness, unemployment and economic offshoot. Theseare considered the three main macroeconomic indicators of any economy.To define a strong economy in the simplest exploit you must fill a low ordinate of inflation, low unemployment and rigid economic growth. Duringthis essay there will be comparisons between sepa position European countries(e.g. France, Germany, Luxemburg, Belgium, Spain, Italy) and theseeconomic indictors mentioned as well as others.We will write down to look at inflation grade. The British economy hasslowed over the foregone 12 months, but remains among the strongest in thedeveloped world, a reconcile has said (BBC News Online). Last month theUnderlying rate of inflation in the UK remained unchanged at 2.3%,which is below the governments target rate of 2.5%, this is ethical forthe economy. The headline rate of inflation, which includes mo rtgageinterest payments, fell last month by 0.4% to 1.7%. These figures showthe rate at which prices are increasing. When we compare the UKs annual inflation figure of 1.2% to that of Germany and France (-0.6%in October), which is around the 2% mark, it seems that our rate is quite an low and therefore good for our economy. The Eurozone inflationis expected to be 2.1% this is mensural by the Monetary Union Indexof Consumer Prices (MUICP). By looking at this we can see that thisfigure is very close to the UKs inflation rate. On the wholeinflation in the UK is at a lower rate than that of its Europeanneighbours, which is an indicator of a strong economy.When we look at unemployment in the UK we can see that it is around900,000 or 2.3%. This is the lowest it has been since the 1970s andis at a lower percentage rate than Japan and the USA. Germany who hasrecently announced that they have just entered a recession has a veryhigh rate of unemployment at around 8.0% and France, Finland and Spaineven higher. The UK, Netherlands and Luxemburg are amongst the lowestunemployment rates in Europe. Unemployment is up again in France andGermany, in a planetary house that the eurozones two biggest economies are stillin the grip of a downswing (BBC News Online). France and Germany havethe largest economies in Europe and recent figures show thatunemployment change magnitude by 15,000 a... ...ong performance is reflected by such indicators as solid growth andforecasts for next year predicting an annual growth of 2.75% - 3.75%.Inflation currently at 2.3% is lower than forecasted which is a strongindicator for a strong economy. Our unemployment is at the lowest ithas been since the 1970s and lower than that of the two biggesteconomies in the world at indue at 2.3% or around 900,000. Interestrates are rest unchanged at 4%, which is low, and the reason forthe British economy having a firm housing market. The UKs maineconomic problem is the manufacturing output. It could be argu ed thatthis welkin of the economy is in recession after figures of negativegrowth in the last two quarters. As a result of this the UK issuffering from an all time high trade deficit, which is also due tothe high care for of the pound. But overall the UK economy is in a goodstate taking into advantage the global economic slowdown which isgoing on around it.Referenceswww.bbc.co.ukSources www.bbc.co.uk www.bized.ac.uk www.europa.eu.int www.ukonline.gov.uk The Daily Mail Newspaper The Business Environment - support/Weatherston