Friday, 2 April 2010

No 101: Update to Key Information

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THERE have been a few changes to the UK macroeconomic indicators.

First was a fall in the rate of inflation in February, partly due to falling home fuel costs.

Second, another update that slightly increases 2009 Q4 GDP growth.

Third, a small fall in unemployment that has not changed the overall percentage.

So now the figures are:

  • CPI INFLATION: 3.0% (FEB)
  • UNEMPLOYMENT 7.8% (FEB)
  • GDP GROWTH 0.4% (Q4 2009)
  • TRADE BALANCE -£3.8 BILLION (JAN)
I don't want to repeat myself - I'm sure it bores you - but I  am disappointed when some students don't know these numbers. It will help you to get a better grade if you remember them!

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