Business Environment

Business Environment

2.2 UK's economy
 The Gross Domestic Product of the country has witnessed an
increase of 0.6% in the past year that is 2016.
 Amongst the G7 economies, UK is the fastest growing country.
 It has been forecasted that the country shall experience 1.7%
increase in GDP by 2018.
 Employment rate of the country is 75% which is commendable.

Factors impacting UK's economy
 The continuous monitoring and supervision over countries
businesses by EU has limited progress and development.
 Inflation is also a key concern which impacts country's
economy negatively.
 Changes in regulatory and tax environment are considered as
retarding agents for UK businesses.

Sources of data used
The different sources of data that are used for understanding
current situation of UK's economy are:
 Magazine articles
 Newspapers
 Online articles
 Official or government website