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1. Task 1 (LO1 & LO2)
According to the ONS the UK economy dropped into -recessi
1. Task 1 (LO1 & LO2)
According to the ONS the UK economy dropped into -recession at the end of 2023, with the economy dropping 0.2% The inflation rate remained at a stubborn 4% having dropped from 11% in 2022, UK Families Living standards saw a downturn of 4.2% GDP per Capita.
Based upon what you’ve learnt about the macro economy in respect of the UKs fiscal and Monetary policy, Research and Describe 3 key reasons why the UK economy fell into recession in 2023.
Support your theories with at least 3 tables and charts showing shifts, Movements and the equilibrium if they apply.
Task 2 (Lo1 Lo2 Lo3)
Using key information from your lectures and Krugman and wells Kortext book to explain and outline 3 UK Government interventions that you would recommend to the UK Government to put in place to prevent the economy falling deeper into recession and return the economy to growth and raise the publics living standards. Use at least 3 tables, graphs and or charts to show how the interventions can return the economy to growth.
Academic skills, Good use of headings and Sub-headings required.
Introduction.
Task Discussion contents with Headings, sub headings graphs and tables.
(Please explain the shifts, or movements on each graph)
Conclusion
Appendix. Not Marked.
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