Macroeconomics: UK economy, IB Economics
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Macroeconomics: UK economy, IB Economics
A brief overview of relevant articles for IB and A-Level all relating to the UK economy
Curated by Graham Watson
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UK economy: The recession-pandemic double whammy

UK economy: The recession-pandemic double whammy | Macroeconomics: UK economy, IB Economics | Scoop.it
The end of furlough, changes to EU trade, and a possible new infection wave mean very choppy waters lay ahead.
Graham Watson's insight:

Faisal Islam gives us his summary of where we currently stand in relation to the current coronavirus pandemic - arguing that there are many more headwinds than tailwinds - what with the end of the Job Retentions Scheme, changes to trade with the EU and the threat of a second wave of the virus. 

 

It doesn't seem like the coronavirus recession is anywhere near over...

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A second wave of Covid-19 will punish the economy, lockdown or not | Business | The Guardian

A second wave of Covid-19 will punish the economy, lockdown or not | Business | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
If coronavirus cases spike again consumers will lock down their spending and activity regardless
Graham Watson's insight:

Larry Elliott writes about the threat of a second wave of the coronavirus: in short, it would cripple the economy. He looks at the United States, and other economies with different approaches to lockdown, and extrapolates to see how this might affect the UK economy. 

 

However, perhaps most worrying is the fact that irrespective of the response to a second wave of the virus, it would seem that any such event would have damaging effects on the economy.

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UK economy: a full recovery from the Covid slump will be slow | Business | The Guardian

UK economy: a full recovery from the Covid slump will be slow | Business | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
Job losses and the possibility of second closures likely to hamper UK’s emergence from recession
Graham Watson's insight:

The Guardian response to the news that we're in recession - suggesting that we're far from out of the woods yet - not least if there's a second wave of closures. 

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