BBC.com: UK economy made stronger recovery during Covid

IB Economics Syllabus: Macroeconomics (Economic Development, Measurement of Economic Performance, Economic Growth, Role of Government)

UK economy made stronger recovery during Covid
The UK economy has exhibited resilience and adaptability, recovering stronger from the Covid-19 pandemic than initially estimated. Revised data reveals a 0.6% economic growth in the last quarter of 2021 compared to pre-pandemic levels, contradicting previous assessments of a 1.2% contraction. Chancellor Jeremy Hunt remains optimistic about the UK’s economic trajectory.

IB Economics Internal Assessment (IA) Commentary:

This article is a great source for exploring the UK’s economic recovery after the Covid-19 pandemic. If you’re thinking of topics for your IA, you can explore how the UK’s 0.6% economic growth in the last quarter of 2021 compares to predictions and to the economic growth of other G7 countries. You could also discuss the role of government decisions in this economic recovery, using Chancellor Jeremy Hunt’s optimism as a starting point. To make your points clearer, you could use an Economic Growth Diagram to visually represent the UK’s economic improvement, and the AD/AS Model can also be helpful to show the impact of government decisions on different sectors of the economy. Combining these diagrams with the specific details from the article can help you build a detailed and focused IA commentary for IB economics.

Source of image: Getty Images

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