UK economic growth revised down

Summary

The UK economy has grown more slowly in the past year.

Revised figures show GDP in the 2014 was a few persent higher than in 2013.

Also, the UK’s curent account deficit widened.

The downward revision in the annual GDP groeth rate was due to lower government and business investment than first thought, and higher imports.

Despite that, the UK’s GDP still grew a litle.

However, the economy is now only a few persent higher than the previous pre-recession peak.

Some professionnal said that weakness in the eurozone is having dampening impact on business confidence and investment.

On the other hand, some professionnal said that the economy could grow faster next year than this.

Though there are some opinions about the UK’s economy, the actually that the economy is not so good is sure.

Opinion

The UK may change this bad situation. If like Venezuela, the main exports have a problem,it is difficult to recover the economic.

However, in case of the UK, the UK can export goods to other countries expect for eurozone.  To take this way, the economy may improve more than now.

The UK is a main country in the world. Economic power’s good or bad of the market  affect many countries. So economic power, like the UK, should stabilise the economy. It is the good way to steady the world economy.

 

 

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