Triple dip recession warning as output falls

The video discusses the challenges faced by the manufacturing sector, particularly a small firm in Sheffield, due to a lack of consumer confidence and economic downturn. It highlights the unexpected decline in manufacturing output and the trade deficit in January, alongside the historical context of currency trends. The video also explores the challenges of exports despite a weak pound, focusing on strategies to expand into global markets. Finally, it considers the potential for the Bank of England to implement quantitative easing to stimulate the economy.

What was one of the main reasons for the slow start in 2013 for the manufacturing firm in Sheffield?

• Lack of consumer spending confidence

• Strong trade surplus

• Increase in manufacturing output

• High consumer confidence

What historical event is compared to the recent fall of the pound?

• The 2008 financial crisis

• The UK's entry into the European Union

• The Industrial Revolution

• The UK's exit from the gold standard in the 1930s

What is the current state of container ships leaving the UK?

• They are filled with tourists

• They carry only fresh air

• They are mostly empty

• They are mostly full of exports

What is one reason the weak pound hasn't boosted UK exports?

• The euro crisis

• High consumer spending

• Increased tourism

• Strong domestic manufacturing

What economic measure is the Bank of England expected to consider to support the economy?

• Raising interest rates

• Increasing taxes

• Quantitative easing

• Reducing government spending