MAEC PROJECT//SEM 1 by https://padlet.com/firdausalan/SajeevLungs Made with love, Sajeev lungs RIP ........ Team Members: Firdaus, Cavin, Jasper, Raden, Sajeev en-us 2018-05-07 07:43:51 UTC 2018-07-09 06:10:57 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Rafaelo.png GDP Article CAVINNNNN https://padlet.com/firdausalan/SajeevLungs/wish/258804345 From Article:
- UK GDP is growing at a worse rate than expected. It increased by 0.4% between Quarter 3 (July to Sept) and Quarter 4 (Oct to Dec) 2017, which is 0.1% shy from the preliminary estimate, reflecting a small downward revision to the estimated output of the production industries.
- Growth in the latest quarter was driven by business services and finance within the services sector, there was, though, a small downward revision to services since the preliminary estimate of GDP. This does not have impact on services quarterly growth to one decimal place.
- Business investment growth was flat between Quarter 3 (July to Sept) and Quarter 4 (Oct to Dec) 2017, but when compared with the same quarter a year ago business investment grew by 2.1%.
- GDP was estimated to have increased by 1.7% between 2016 and 2017, a downward revision of 0.1 percentage points from the preliminary estimate and slightly lower than the 1.9% growth seen between 2015 and 2016.
- Household spending grew by 1.8% between 2016 and 2017, its slowest rate of annual growth since 2012, in part reflecting the increased prices faced by consumers.
Article Link: https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/secondestimateofgdp/octobertodecember2017

In Conclusion,
Although UK's GDP growth rate is lower than expected, it does not mean that the UK will be facing economic crisis as GDP is still growing. There are some factors which affects GDP that are actually improving post brexit so therefore the impression that UK's economy is falling into crisis is actually false.



]]> 2018-05-08 07:18:36 UTC https://padlet.com/firdausalan/SajeevLungs/wish/258804345 UK Inflation s101860791 https://padlet.com/firdausalan/SajeevLungs/wish/260994524 FROM ARTICLE:
- UK CPI rate falls to 2.7%  in February 2018 from 3% in January 2018
- Lower than the economists' forecast of 2.8%
- This means that value of a dollar has increased
- Brexit fall in pound pushed up inflation over last 18 months but effects are slowing
- "Small fall in petrol prices and food prices rising more slowly helped pull down the inflation"
- Sharp fall in the value of pound following Brexit had raised the cost of imports and pushed up inflation for about 18 months
-Inflation of raw materials is also slowing down following high annual inflation in 2017, with prices of crude oil lower than in January.
- Bank of England's government has mandated a target 2% inflation rate which as of the date of the article is still not hitting the target. However, it was suggested that the inflation rate is set to fall as the year goes on which would potentially slow the pace of any interest rate hike from Bank of England.



One of the reasons for inflation after Brexit was due to falling value of the pound sterling. The falling value of the pound was due to the uncertainty of how Brexit could harm the economy as there is a good chance that leaving the EU will put UK in a worser position. It is safe to assume that due to this uncertainty, investors are afraid that the pound would devalue significantly, which it did.

Another reason for inflation was the result of the "snap" election held after the Brexit vote. It was a hung parliament where one party did not form a clear majority. Because of this disastrous election, the outlook for UK's future policies became unclear thus, became a factor in the falling pound and contributed to inflation.

The added increase to inflation was due to increased import fees due to exiting the European Union anymore as well as the continuous demand for imported goods from the British people.

The sharp increase in oil (major source of energy) price levels around the same time also had a play in inflation also known as cost-push inflation. OPEC deals to cut production cast doubts, US oil and gas rig count was bottoming and because of the strong USD, OPEC nations may decide to match the cost of crude oil to that of US oil prices which would be a bigger pill to swallow if the OPEC deal, mentioned before, falls apart.

To conclude,
inflation rate is decreasing now and the economy is beginning to recover as (1) crude oil prices are decreasing due high inventory count of oil worldwide as well as US oil production has increased exponentially regardless of OPEC oil production cuts (2) The price increases in 2017 due to the devalue of the pound has worked through the system (3) slowing price increases in cost of production due to the decreasing in price for petroleum and food products.

Article
https://www.businessinsider.sg/uk-inflation-rate-in-february-brexit-2018-3/?_ga=2.58769773.114361699.1526388912-1957388936.1525761860&r=UK&IR=T]]> 2018-05-15 19:22:46 UTC https://padlet.com/firdausalan/SajeevLungs/wish/260994524 Overall Comments from Wang I_M_WANG https://padlet.com/firdausalan/SajeevLungs/wish/264150021 Thank you ninjas, for making this padlet with love. I hope Sajeev's lungs get revived soon. Please check out my comments beneath each analysis.]]> 2018-05-29 05:31:29 UTC https://padlet.com/firdausalan/SajeevLungs/wish/264150021 UNEMPLOYMENT [EDITED] firdausalan https://padlet.com/firdausalan/SajeevLungs/wish/268836613      
-The unemployment rate and labor force participation rate is one the most important indicators of the economic strength of a country.
-The unemployment rate shows us the the portion of the labor force who have not found a job yet, but they they are able and willing to work and are actively looking for job.
- The UK unemployment rate hit its lowest point since 1975 at 4.2% in the year 2018.
-The youth unemployment rate which covers citizens between ages of 16 to 24 years old, saw a drop of 0.6% to 11.9% during recent period from a 12.5% last year during the same period.
-At the three month period to the end of April there was 1.42 million unemployed, which is 115 000 lesser than it was 1 year ago during the same period
What caused the drop in unemployment? Did the government implement new policies?
-UK unemployment rate is mainly due to cyclical, structural and youth unemployment.
- To overcome this problem UK's government has implemented policies to create more jobs and help youth find jobs
-The job creation measure has rose the number of people employed by 102 000 in the three months period to November 2017 and increase the total number of people employed to 32.2 million
-UK also implemented a 'Fuller working lives strategy' that supports older workers overcome structural unemployment by allowing employers to recruit, re-train and retain older workers.

Article
https://www.poundsterlinglive.com/gbp-live-today/9252-british-pound-today-uk-labour-unemployment-wages-data-and-pm-may-s-brexit-test-in-focus
Policies:
https://www.bbc.com/news/business-42802526
https://www.gov.uk/government/news/unemployment-rate-lowest-in-over-40-years]]> 2018-06-28 08:36:17 UTC https://padlet.com/firdausalan/SajeevLungs/wish/268836613 Inflation additional info links wirano99 https://padlet.com/firdausalan/SajeevLungs/wish/268943315 https://qz.com/1002076/uk-election-results-the-exit-polls-are-out-and-the-pound-is-plunging/
https://qz.com/1013172/brexit-anniversary-the-british-pound-isnt-the-worst-performing-currency-in-the-one-year-since-the-vote-but-its-close/]]> 2018-06-29 06:13:42 UTC https://padlet.com/firdausalan/SajeevLungs/wish/268943315 OUTLINE FOR REPORT firdausalan https://padlet.com/firdausalan/SajeevLungs/wish/269229340 what is the overall unemployment status of uk over the years? is it decreasing/increasing? 
uk unemployment after brexit? was is detrimental for uk or was it not as bad?
why is unemployment in uk decreasing despiite having a weak economy?
why is there high youth unemployment?
why i uk facing structural unemployment?
what policy the government implement to overcome - Structural, youth unemployment?


Early 1980s recession

Early 1990s recession

Financial crisis of 2007–2008





CHART FOR UNEMPLOYMENT OVER THE YEARS
CHART FOR NUMBER OF UNEMPLOYED AFTER POLICIES
 
]]> 2018-07-03 05:29:21 UTC https://padlet.com/firdausalan/SajeevLungs/wish/269229340