Format:
1 Online-Ressource (circa 94 Seiten)
,
Illustrationen
ISBN:
9781513564777
Series Statement:
IMF country reports 20, 320
Content:
The UK entered 2020 negotiating a new economic relationship with the EU and facing other challenges, including meeting climate targets, dealing with an aging population, and reinvigorating tepid productivity growth. Growth and investment had been weak since the 2016 referendum, and the current account deficit elevated, but unemployment was low, inflation on target, and balance sheets strong. The global pandemic hit the UK hard in March, and the country now faces a second wave. The economic impact has been severe, but helped by an aggressive policy response, jobs have been preserved, businesses kept afloat, and banking sector losses contained. Still, the outlook for the near term is weak, as the economy works through the second wave, Brexit, rising unemployment, and corporate distress. Risks are overall to the downside, centering on the degree of balance sheet damage sustained by households and small and medium enterprises. The pace at which vaccines are able to bring the pandemic under control could be an important mitigating factor
Additional Edition:
Erscheint auch als Druck-Ausgabe United Kingdom: 2020 Article IV Consultation-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for the United Kingdom Washington, D.C. : International Monetary Fund, 2020 ISBN 9781513564777
Language:
English
Keywords:
Graue Literatur
DOI:
10.5089/9781513564777.002
