Hey guys, under 60 days until the first econ exam! I got 96% last year, and you can find all the notes that I used in the link below.

Find my notes here

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On a lighter note, here are your updates on the UK and Global economies:

UK ECONOMY

- Thames Water has had its £3bn loan approved (think opportunity cost)

- The Pound Sterling has climbed above $1.30 for first time since November (think SPICEE)

- 1mn fewer people will secure health benefits under the new UK welfare reform (think about whether this will improve government debt)

- Fun fact: Pulled Pork and VR Headsets have now joined the CPI Inflation basket!

GLOBAL ECONOMY

- US consumer confidence is low - Consumer spending fell by 1% last quarter and foot traffic to US stores has fallen 4.3% in the last year. 

- Indonesia's stock index has fallen more than 4% this week despite expansionary monetary policy (how effective is monetary policy if consumer confidence is low?) 

- China's contribution to global oil demand growth has declined from over 60% to under 20% in 2024, primarily due to the rise of electric vehicles.

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Calling all year 12s! 

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