GDP Figures Expected to Show Sluggish Growth

The transcript discusses the economic challenges faced in 2011, highlighting the UK's budget deficit and growth concerns. It examines the impact of high inflation and the government's strategies to manage the economy. The potential for quantitative easing as a solution is also explored, with differing views from key political figures.

What was one of the main economic challenges faced by European countries in 2011?

• High unemployment rates

• Budget deficits and debt concerns

• Lack of technological advancement

• Overproduction in manufacturing

What was the UK's economic growth target for the year 2011?

• 0.8%

• 3.0%

• 2.5%

• 1.7%

Which sector experienced a decline, contributing to the UK's economic challenges?

• Technology

• Agriculture

• Retail sales

• Healthcare

What was not part of the government's original economic plan?

• Infrastructure investment

• Tax cuts

• Increased exports

• High inflation

What economic tool is mentioned as a potential solution but not favored by the government?

• Interest rate hikes

• Quantitative easing

• Tax reduction

• Increased government spending