The UK economy is currently facing a multitude of pressing challenges such as slow growth rate, declining labour productivity, high public debt, rising cost of living, and healthcare issues. The events such as financial crises of 2008, Brexit, and covid-19 pandemic severely impacted the growth patterns, stability, and resilience of the UK economy.
As a result, the country is now grappling with significant economic challenges such as national debt that has escalated to about 100% of its GDP, labor productivity which is lagging behind most G7 countries, and severe healthcare crises where more than 7 million people are waiting for hospital treatment.
#uk #economy #unitedkingdom
6 сен 2024