Blog
UK National Accounts for 2007
28th March 2008
The revised 4th quarter national income data for the UK has been published. There is a brief report here. Lehman Brothers have also released a pessimistic forecast for the UK predicting a one-in-three chance of an outright recession.
Now that the data is in I have revised my macro charts for showing the various components of aggregate demand for the UK - I often hand this out to AS macro students so that they can get a feel for the numbers and the difference in scale between for example household spending and capital investment. I have put some of these charts into the accompanying PowerPoint
Components of aggregate demand UK economic cycle over the last 30 years Real GDP since the mid 1970s Macro objectives - growth, inflation and unemployment for the UK since 1989
I hope that these might be useful in macro revision sessions
PowerPoint file Aggregate_Demand_UK.ppt
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.