Blog
Choppy Times - An Economic Cycle Update and Resource Download
25th January 2011
These are exciting times to be teaching AS macroeconomics what with debates about rising inflation and slowing growth and intense discussion about future directions for UK fiscal policy, volatile currencies and commodity prices and signs of a return to even higher unemployment.
Today we learned of (provisional) evidence of a contraction in real GDP for the UK and renewed fears of a double dip. For teachers keen to display an up to date chart of what is happening to GDP, inflation, unemployment and consumer confidence I have made available for download (see the link below) an updated PowerPoint chart set for the UK. Nothing fancy just six selected charts! They might be good for annotated handouts.
UK economic cycle update: UK_Economy_Jan_2011.pptx
Stephanie Flanders reports on the unexpectedly severe contraction in UK economic activity
Coverage here of a speech given by Bank of England governor Mervyn King on the economic situation
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.