Introduction to economic growthhistory of growthcrises and growthUK growthEconomic growth transformed the world. Its measurement via GDP has risen to prominence as the pre-eminent metric of economic prowess and political success. HowWardley-Kershaw, Julia...
This paper analyses the effect of wealth inequality on UK economic growth in recent decades with a heterogeneous-agent growth model where agents can enhance individual productivity growth by undertaking entrepreneurship. The model assumes wealthy people are more able to afford the costs of ...
“Although the (2008-09) downturn was less deep than previously estimated and subsequent growth stronger, it remains the case that the UK experienced the deepest recession since ONS records began in 1948 and the subsequent recovery has been unusually slow,” said Joe Grice, the ONS chi...
UK GDP growth now stands at 0.3 percent quarter on quarter, having fallen from 0.6 percent growth in the second quarter of 2016 when the Brexit referendum vote was held in June last year. The OBR had also made assumptions in its economic models of reduced migration into Britain as a result...
Gross domestic product (GDP) came in below the expectations of economists polled by Reuters, who had forecast growth of 0.2%. The country also logged no GDP growth in June. Britain's dominant services sector showed slight growth of 0.1% in the month to July, while production and construction...
Over the three months to August, Britain's economic growth also expanded 0.2%, compared with the 0.5% recorded in the three months to July. "The UK economy had a remarkable run through the first few months of 2024, at least if the monthly GDP figures are to be believed. But those same...
Foreign Direct Investment and Economic Growth in Nigeria: A Disaggregated Approach This study examined the impact of sectoral foreign direct investment inflow on growth in Nigeria. Data for the study were extracted from Central Bank of Nigeria bulletin and the UN statistics. The estimation is done ...
Austerity Cannot Explain the Current UK Economic GrowthEconomic growth in the UK is rising again. Does that mean austerity worked? No, of course not, say these authors.doi:10.1080/05775132.2015.998155PHILIP ARESTISUniversity of CambridgeMALCOLM SAWYER...
Much has been written about the economic growth of England, France, and Germany in the nineteenth century, but the economies of a number of smaller European countries also performed impressively in this period, especially those of Belgium, Switzerland, the Scandinavian countries (Sweden, Norw...
UK economy returns to growth in May, beating expectations as British pound hits four-month high KEY POINTS The U.K. economy grew by 0.4% in May, flash figures published by the Office for National Statistics showed on Thursday. The British pound jumping to a four-month high against the U....