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Country Report United Kingdom

 

 

Summary of Country Report

United Kingdom - September 2011

 Map of United Kingdom


The sluggish performance continues - downward revision of growth forecasts

  • UK GDP forecast revised downwards to 1.2% in 2011 and 1.8% in 2012.
  • Private consumption will contract by 0.4% in 2011, and manufacturing growth to slow down as foreign demand is decreasing.
  • No insolvency decrease in 2011 as expected earlier this year.
  • Default risk for UK listed companies increased again in August 2011.

 

GDP growth
(% change on previous year)

UK GDP growth

Source: Consensus Forecasts (Survey date September 12, 2011)

 

Insolvency trends: United Kingdom
(1-year trailing sum of insolvency counts based on quarterly data)

UK Insolvency trends

Source: Global Insight; The Insolvency Service


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General Information

Capital: London
Currency: British Pound (GBP)
Population: 62 million
 
Main import sources (2010)

  • Germany: 12.4%
  • China: 8.4%
  • USA: 7.6%
  • The Netherlads: 7.3%
  • France: 6.0%

Main export markets (2010)

  • USA: 14.3%
  • Germany: 10.5%
  • The Netherlands: 8.0%
  • France: 7.2%
  • Ireland: 6.4%

 _________________
Date: September 2011

 

 

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