SlideShare ist ein Scribd-Unternehmen logo
1 von 24
Risks of a Double-Dip Recession for the UK economy
Mervyn King predicts choppy times ahead We are facing a difficult time ahead with a slow and prolonged adjustment to the consequences of the banking and financial crisis Mervyn King, May 2011
Growth is slowing down
Growth slower, prices higher and unemployment rising – not good
What could cause a double-dip?
Consumer confidence on the wane
Many people expect unemployment to rise in the next year
And there are fewer jobs available for those out of work
Retail sales have sagged
Real disposable income is falling
Savers continue to be hit hard by negative real interest rates
Business investment dipping again
The UK mortgage market remains subdued
Few new houses are being built and many lost jobs in building trades
Even with inflation > 4%, interest rates set to stay low
The squeeze on state spending is coming in over the next 3 years
A rising tax burden will cut disposable incomes and domestic demand
Can the UK’s export industries provide a kick-start to a faltering economy?
Growth for a selection of EU countries
Stimulating demand and jobs
Try these other teaching and learning resources from tutor2u… The Economics Blog
Try these other teaching and learning resources from tutor2u… Tutor2u on Facebook
Follow tutor2u on Twitter tutor2u_econ tutor2u
Try these other teaching and learning resources from tutor2u… http://www.tutor2u.net/blog/index.php/giveitago/

Weitere ähnliche Inhalte

Was ist angesagt?

Inflation Watch: November 2011
Inflation Watch: November 2011Inflation Watch: November 2011
Inflation Watch: November 2011
REALTORS
 
Qnb group recent data releases on the us economy have been mixed
Qnb group recent data releases on the us economy have been mixedQnb group recent data releases on the us economy have been mixed
Qnb group recent data releases on the us economy have been mixed
QNB Group
 
5b causes and effects of economic indicators
5b causes and effects of economic indicators5b causes and effects of economic indicators
5b causes and effects of economic indicators
maynardteacher
 
Inflation watch 10.25.11
Inflation watch 10.25.11Inflation watch 10.25.11
Inflation watch 10.25.11
REALTORS
 
US Economy Shows Signs of Slowing Again
US Economy Shows Signs of Slowing Again US Economy Shows Signs of Slowing Again
US Economy Shows Signs of Slowing Again
QNB Group
 
Inflation Watch: December 2011
Inflation Watch: December 2011Inflation Watch: December 2011
Inflation Watch: December 2011
REALTORS
 
Is the World Economy Heading for the Great Deflation?
Is the World Economy Heading for the Great Deflation? Is the World Economy Heading for the Great Deflation?
Is the World Economy Heading for the Great Deflation?
QNB Group
 
AS Macro Revision Aspects of the Economic Cycle
AS Macro Revision Aspects of the Economic CycleAS Macro Revision Aspects of the Economic Cycle
AS Macro Revision Aspects of the Economic Cycle
tutor2u
 
Recession 2012-13 and its impact
Recession 2012-13 and its impactRecession 2012-13 and its impact
Recession 2012-13 and its impact
mohishukla
 

Was ist angesagt? (19)

Inflation Watch: November 2011
Inflation Watch: November 2011Inflation Watch: November 2011
Inflation Watch: November 2011
 
Qnb group recent data releases on the us economy have been mixed
Qnb group recent data releases on the us economy have been mixedQnb group recent data releases on the us economy have been mixed
Qnb group recent data releases on the us economy have been mixed
 
5b causes and effects of economic indicators
5b causes and effects of economic indicators5b causes and effects of economic indicators
5b causes and effects of economic indicators
 
Inflation watch 10.25.11
Inflation watch 10.25.11Inflation watch 10.25.11
Inflation watch 10.25.11
 
US Economy Shows Signs of Slowing Again
US Economy Shows Signs of Slowing Again US Economy Shows Signs of Slowing Again
US Economy Shows Signs of Slowing Again
 
June 2011 EIU Global Economic Forecast
June 2011 EIU Global Economic ForecastJune 2011 EIU Global Economic Forecast
June 2011 EIU Global Economic Forecast
 
EIU Global Economic Forecast - August 2010
EIU Global Economic Forecast - August 2010EIU Global Economic Forecast - August 2010
EIU Global Economic Forecast - August 2010
 
Inflation Watch: December 2011
Inflation Watch: December 2011Inflation Watch: December 2011
Inflation Watch: December 2011
 
Who Profits from Peace? Belfast Trades Council Mayday Lecture 2013
Who Profits from Peace? Belfast Trades Council Mayday Lecture 2013Who Profits from Peace? Belfast Trades Council Mayday Lecture 2013
Who Profits from Peace? Belfast Trades Council Mayday Lecture 2013
 
Is the World Economy Heading for the Great Deflation?
Is the World Economy Heading for the Great Deflation? Is the World Economy Heading for the Great Deflation?
Is the World Economy Heading for the Great Deflation?
 
NZREF-vol-4
NZREF-vol-4NZREF-vol-4
NZREF-vol-4
 
Us economic focus
Us economic focusUs economic focus
Us economic focus
 
Nordic outlook infographic
Nordic outlook infographicNordic outlook infographic
Nordic outlook infographic
 
Jan 2011 EIU Global Economic Forecast
Jan 2011 EIU Global Economic Forecast Jan 2011 EIU Global Economic Forecast
Jan 2011 EIU Global Economic Forecast
 
AS Macro Revision Aspects of the Economic Cycle
AS Macro Revision Aspects of the Economic CycleAS Macro Revision Aspects of the Economic Cycle
AS Macro Revision Aspects of the Economic Cycle
 
Dec 2010 EIU Global Economic Forecast
Dec 2010 EIU Global Economic Forecast Dec 2010 EIU Global Economic Forecast
Dec 2010 EIU Global Economic Forecast
 
Global Forecasting December 2010
Global Forecasting December 2010Global Forecasting December 2010
Global Forecasting December 2010
 
The end of qe fit group (1)
The end of qe   fit group (1)The end of qe   fit group (1)
The end of qe fit group (1)
 
Recession 2012-13 and its impact
Recession 2012-13 and its impactRecession 2012-13 and its impact
Recession 2012-13 and its impact
 

Ähnlich wie Risks of a Double Dip Recession

Unemployment
UnemploymentUnemployment
Unemployment
channyb
 
AS Macro Revision: Macro Objectives and Conflicts
AS Macro Revision: Macro Objectives and ConflictsAS Macro Revision: Macro Objectives and Conflicts
AS Macro Revision: Macro Objectives and Conflicts
tutor2u
 
Oct Market Monitor
Oct Market MonitorOct Market Monitor
Oct Market Monitor
jspeltz
 

Ähnlich wie Risks of a Double Dip Recession (20)

Threats to UK Economic Recovery
Threats to UK Economic RecoveryThreats to UK Economic Recovery
Threats to UK Economic Recovery
 
Trade cycle output_gaps
Trade cycle output_gapsTrade cycle output_gaps
Trade cycle output_gaps
 
Unemployment
UnemploymentUnemployment
Unemployment
 
Swedbank Economic Outlook June 2009
Swedbank Economic Outlook June 2009Swedbank Economic Outlook June 2009
Swedbank Economic Outlook June 2009
 
Prospects for the UK Economy in 2012
Prospects for the UK Economy in 2012Prospects for the UK Economy in 2012
Prospects for the UK Economy in 2012
 
Developments in the UK Economy
Developments in the UK EconomyDevelopments in the UK Economy
Developments in the UK Economy
 
Buy Essays Uk
Buy Essays UkBuy Essays Uk
Buy Essays Uk
 
Swedbank Economic Outlook June 2009
Swedbank Economic Outlook June 2009Swedbank Economic Outlook June 2009
Swedbank Economic Outlook June 2009
 
Economic and Structural Report August 2008, extract from
Economic and Structural Report August 2008, extract fromEconomic and Structural Report August 2008, extract from
Economic and Structural Report August 2008, extract from
 
Global and Australian Economic and Investment Update - September 2014
Global and Australian Economic and Investment Update - September 2014Global and Australian Economic and Investment Update - September 2014
Global and Australian Economic and Investment Update - September 2014
 
AS Macro Revision: Macro Objectives and Conflicts
AS Macro Revision: Macro Objectives and ConflictsAS Macro Revision: Macro Objectives and Conflicts
AS Macro Revision: Macro Objectives and Conflicts
 
UK corporate environment
UK corporate environmentUK corporate environment
UK corporate environment
 
Webloyalty Easter Retail Report - an economic update for 2014
Webloyalty Easter Retail Report - an economic update for 2014Webloyalty Easter Retail Report - an economic update for 2014
Webloyalty Easter Retail Report - an economic update for 2014
 
UK corporate environment - November 2019
UK corporate environment - November 2019UK corporate environment - November 2019
UK corporate environment - November 2019
 
Highs and Lows Of 2009
Highs and Lows Of 2009Highs and Lows Of 2009
Highs and Lows Of 2009
 
2000 Recession
2000 Recession2000 Recession
2000 Recession
 
Oct Market Monitor
Oct Market MonitorOct Market Monitor
Oct Market Monitor
 
The Spring Budget: The big questions
The Spring Budget: The big questionsThe Spring Budget: The big questions
The Spring Budget: The big questions
 
Spring Budget 2021: The big questions
Spring Budget 2021: The big questionsSpring Budget 2021: The big questions
Spring Budget 2021: The big questions
 
Budget 2021 the big questions final
Budget 2021 the big questions finalBudget 2021 the big questions final
Budget 2021 the big questions final
 

Mehr von tutor2u

Mehr von tutor2u (20)

Economics Enrichment Activities
Economics Enrichment ActivitiesEconomics Enrichment Activities
Economics Enrichment Activities
 
Trade Unions - Revision Evaluation
Trade Unions - Revision EvaluationTrade Unions - Revision Evaluation
Trade Unions - Revision Evaluation
 
Revision on Economics of Public Goods
Revision on Economics of Public GoodsRevision on Economics of Public Goods
Revision on Economics of Public Goods
 
Poverty Reduction Policies in Low Income Countries
Poverty Reduction Policies in Low Income CountriesPoverty Reduction Policies in Low Income Countries
Poverty Reduction Policies in Low Income Countries
 
20 Key Facts on the UK Economy in 2019
20 Key Facts on the UK Economy in 201920 Key Facts on the UK Economy in 2019
20 Key Facts on the UK Economy in 2019
 
Quantitative easing advantages_disadvantages
Quantitative easing advantages_disadvantagesQuantitative easing advantages_disadvantages
Quantitative easing advantages_disadvantages
 
Monetary union
Monetary unionMonetary union
Monetary union
 
UK Economy Update_2019
UK Economy Update_2019UK Economy Update_2019
UK Economy Update_2019
 
Supply-Side Policies (2019 Examples Update)
Supply-Side Policies (2019 Examples Update)Supply-Side Policies (2019 Examples Update)
Supply-Side Policies (2019 Examples Update)
 
Applied Macro Examples for Economics Exams
Applied Macro Examples for Economics ExamsApplied Macro Examples for Economics Exams
Applied Macro Examples for Economics Exams
 
Microeconomics - Great Applied Examples for Exams
Microeconomics - Great Applied Examples for ExamsMicroeconomics - Great Applied Examples for Exams
Microeconomics - Great Applied Examples for Exams
 
Business Objectives and Stakeholders
Business Objectives and StakeholdersBusiness Objectives and Stakeholders
Business Objectives and Stakeholders
 
Profit Satisficing
Profit SatisficingProfit Satisficing
Profit Satisficing
 
Why Businesses Grow
Why Businesses GrowWhy Businesses Grow
Why Businesses Grow
 
Sizes and Types of Firms
Sizes and Types of FirmsSizes and Types of Firms
Sizes and Types of Firms
 
The UK Productivity Gap
The UK Productivity GapThe UK Productivity Gap
The UK Productivity Gap
 
Trade Unions with a Monopsony Employer
Trade Unions with a Monopsony EmployerTrade Unions with a Monopsony Employer
Trade Unions with a Monopsony Employer
 
Labour Market Failure (2019 Update)
Labour Market Failure (2019 Update)Labour Market Failure (2019 Update)
Labour Market Failure (2019 Update)
 
Behavioural Economics Update 2019
Behavioural Economics Update 2019Behavioural Economics Update 2019
Behavioural Economics Update 2019
 
Consumer surplus and price changes
Consumer surplus and price changesConsumer surplus and price changes
Consumer surplus and price changes
 

Kürzlich hochgeladen

Kürzlich hochgeladen (20)

Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...
Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...
Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...
 
Micro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdfMicro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdf
 
Wellbeing inclusion and digital dystopias.pptx
Wellbeing inclusion and digital dystopias.pptxWellbeing inclusion and digital dystopias.pptx
Wellbeing inclusion and digital dystopias.pptx
 
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
 
How to setup Pycharm environment for Odoo 17.pptx
How to setup Pycharm environment for Odoo 17.pptxHow to setup Pycharm environment for Odoo 17.pptx
How to setup Pycharm environment for Odoo 17.pptx
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.
 
Interdisciplinary_Insights_Data_Collection_Methods.pptx
Interdisciplinary_Insights_Data_Collection_Methods.pptxInterdisciplinary_Insights_Data_Collection_Methods.pptx
Interdisciplinary_Insights_Data_Collection_Methods.pptx
 
On_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptx
On_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptxOn_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptx
On_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptx
 
Food safety_Challenges food safety laboratories_.pdf
Food safety_Challenges food safety laboratories_.pdfFood safety_Challenges food safety laboratories_.pdf
Food safety_Challenges food safety laboratories_.pdf
 
Python Notes for mca i year students osmania university.docx
Python Notes for mca i year students osmania university.docxPython Notes for mca i year students osmania university.docx
Python Notes for mca i year students osmania university.docx
 
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptxHMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
 
On National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan FellowsOn National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan Fellows
 
FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024
 
Application orientated numerical on hev.ppt
Application orientated numerical on hev.pptApplication orientated numerical on hev.ppt
Application orientated numerical on hev.ppt
 
Single or Multiple melodic lines structure
Single or Multiple melodic lines structureSingle or Multiple melodic lines structure
Single or Multiple melodic lines structure
 
How to Add New Custom Addons Path in Odoo 17
How to Add New Custom Addons Path in Odoo 17How to Add New Custom Addons Path in Odoo 17
How to Add New Custom Addons Path in Odoo 17
 
REMIFENTANIL: An Ultra short acting opioid.pptx
REMIFENTANIL: An Ultra short acting opioid.pptxREMIFENTANIL: An Ultra short acting opioid.pptx
REMIFENTANIL: An Ultra short acting opioid.pptx
 
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
Kodo Millet  PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...Kodo Millet  PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
 
Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024
 
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptxBasic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
 

Risks of a Double Dip Recession