Macroeconomic Impact of COVID-19 Pandemic for UK

Analyse the macroeconomic
impact of the COVID-19
pandemic for uk

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
CONCLUSION................................................................................................................................3
REFERENCES................................................................................................................................1

INTRODUCTION
COVID pandemic has highly impacted different part of the world. United Kingdom was
one of the progressive country before the pandemic and able to grow after BREXIT. Coronavirus
infected large number of people in the country and break the bone of nation's economy. Report
Highlight impact of pandemic on macroeconomic of the Britain and it also describes the way in
which it deals before the spread of virus.
MAIN BODY
2. Economic before the pandemic
United Kingdom was highly affected by economic after the COVID and before the
pandemic country has different macroeconomic as compare to present situation. There are
various other reason for economic crisis in the country such new tariff implemented by various
country which increase price of raw material.
GDP per Capita:
In the beginning economic of the country was contracting by 2.5% from January to
march or before the lock down started. However, BREXIT is another reason that affected growth
of the country.
Inflation:
Inflation rate of the country was measure 1.8% before coronavirus heated the country and
affected on lifestyle of citizens (Altig and et.al.,2020). Britain exits from Europe has highly
effected growth of the nation and most of the raw material prices hike which ultimately effect on
cost of commodities.
Unemployment rate:
In January 2019 unemployment rate in the country was 3.9 percentage. However, this rate
is due to Britain's policy and procedure for Separate United Kingdom. It is also that large number
of tourist restricted themselves because of separate country from European Union.
Consume Price Index
Consumer Price indexes of the country is measured as 1.4% in December 2019. Brexit
has effected prices of cost of living but still it was not good as it before the BREXIT plan of the
parliament.