Macroeconomics: UK economy, IB Economics
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Macroeconomics: UK economy, IB Economics
A brief overview of relevant articles for IB and A-Level all relating to the UK economy
Curated by Graham Watson
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Why the GDP hit from UK lockdown 2.0 was smaller than expected | Business | The Guardian

Why the GDP hit from UK lockdown 2.0 was smaller than expected | Business | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
More of the economy stayed open, Brexit talks boosted stockpiling and firms are developing some immunity to lockdowns
Graham Watson's insight:

Larry Elliott looks at why the November downturn has been smaller than expected: in short, the lockdown hasn't seen as many firms shutdown as in previous lockdowns and Brexit promoted stockpiling which helped offset some of the worse effects of lockdown.

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Fall in car production hits UK growth

Fall in car production hits UK growth | Macroeconomics: UK economy, IB Economics | Scoop.it
Car factory shutdowns designed to cope with disruption from Brexit meant the economy contracted in April.
Graham Watson's insight:

The latest growth figures suggest that the UK economy has shrunk, largely as a function of lower car production and an easing in stockpiling. It's the second month in a row that this has happened, and there are clearly more headwinds to come.

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Brexit: UK growth tipped to slow as firms run down stockpiles | Business | The Guardian

Brexit: UK growth tipped to slow as firms run down stockpiles | Business | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
Business group downgrades GDP forecast and warns dwindling investment will hurt long-term economy
Graham Watson's insight:

The latest growth forecast from the British Chambers of Commerce suggests that the economy is going to slow as firms start to run down Brexit stockpiles.

 

A good time for a new Prime Minister to take office.

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Manufacturing shrinks as Brexit stockpiling halts

Manufacturing shrinks as Brexit stockpiling halts | Macroeconomics: UK economy, IB Economics | Scoop.it
UK manufacturing contracted in May for the first time since July 2016, an influential survey indicates.
Graham Watson's insight:

The health, or otherwise, of the UK economy is again called into question, with the latest PMI data suggesting that last month's figure was a blip reflecting pre-Brexit stockpiling and not the more general economic health of the country.  

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