Mervyn King gives Warning over the Economy

Mervyn King gives Warning over the Economy

Assessment

Interactive Video

Social Studies, Business

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the economic impact of severe weather, particularly snow, on recovery efforts in areas like New Castle. It highlights the rising inflation due to increased commodity and energy prices, predicting a temporary rise before a decline next year. Mervyn King argues against raising interest rates despite growth contraction. The video also addresses government spending cuts, unemployment, and the challenges businesses face. It concludes with a cautious outlook for 2011, questioning whether current economic shrinkage is a temporary blip or the start of a double dip recession.

Read more

2 questions

Show all answers

1.

OPEN ENDED QUESTION

3 mins • 1 pt

What were the implications of the contraction in growth for interest rates?

Evaluate responses using AI:

OFF

2.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the text suggest about the overall economic outlook for families and businesses in 2011?

Evaluate responses using AI:

OFF