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Your comments are not very helpful,as you are quoting growth rates from arbitrarily selected starting points. The main measure of an economy is GDP per capita.
by james1071 13y ago
Your comments are not very helpful,as you are quoting growth rates from arbitrarily selected starting points.
The main measure of an economy is GDP per capita. Apart from cyclical fluctuations, the main drivers of GDP per capita are are investment and productivity.
In the UK both of these are below that of the major developed economies.
As for the current growth of the economy-all is not well, as there is a large current account deficit, which is being funded by borrowing from overseas and is not sustainable.