Evaluate the recent performance of the uk economy Essay

Evaluate the recent performance of the uk economy - Essay Example Currently, the GDP of France is at $2,734.95 billion, a rise from 2,611.22 the previous year (Trading Economics 2015). The rate of inflation in the U.K. was at -0.10 percent during the first quarter of 2015. Between 1989 and 2015, it has averaged 2.72 percent, reaching highest at 8.5 percent in 1991 and lowest at –0.10 percent in 2015. In the United States, the inflation rate witnessed during the first quarter of 2015 was -0.2 percent. For France, the country witnessed at the inflation rate of 0.1 percent in the first quarter of 2015 (Trading Economics 2015). During the first three months of 2015, the level of unemployment in the U.K. has gone down to 5.50 percent from 5.60 percent the previous year. The between 1971 and 2015, the level of unemployment averaged 7.24 percent, with highest at 12 percent in 1984 and lowest at 3.40 percent in 1973. In the United States, the rate of unemployment was at 5.50 percent during the first quarter of 2015. The average rate of unemployment in the U.S. has averaged 5.83 percent between 1982 and 2015, with highest levels at 10.8 percent in 1982 and lowest at 2.5 percent in 1953. In the case of France, the rate of unemployment went down to 10 percent during the first three months of 2015 from 10.40 percent in last quarter of 2014. The average rate of unemployment between 1996 and 2015 has averaged 9.20 percent, with highest levels at 10.80 percent in 1997 and lowest at 7.20 percent in 2008 (Trading Economics 2015). With regard to the government budget, United Kingdom has a government budget deficit, which is representative of 5.70 percent of the country’s GDP. In the United States, government budget deficit accounts for 2.80 percent of the country’s GDP. In the case of France, the budget deficit represents about 4 percent of the country’s GDP (Trading Economics 2015). To determine income distribution, the GNI index is appropriate as it reveals the extent