Vantage Point: Finding ValueSep 16 2024

Labour has big growth plans, but how is the UK economy faring?

After engaging with this content, which carries an indicative 30 minutes of CPD, you will be able to:

To be able to explain the concept of output gaps in an economy
To be able to understand the impact of monetary policy on economic growth
To be able to explain the impact of industrial action on GDP numbers

To be able to explain the concept of output gaps in an economy
To be able to understand the impact of monetary policy on economic growth
To be able to explain the impact of industrial action on GDP numbers

CPD

Approx.30min

CPD

Approx.30min

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CPD

Approx.30min

Labour has big growth plans, but how is the UK economy faring? — Can the UK economy rise? (Pexels/Manual Man/John Smith)

David Thorpe

Economies are usually regarded as having a trend rate of GDP growth; a level above the trend rate is expected to lead to inflation, while a level below trend for a persistent period of time is disinflationary and might be expected to lead to recession.

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