Macroeconomics in England

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Macroeconomics in England

Macroeconomics in England

England has been experiencing a period of growth for the last thirty years.  Since the country put in place a framework to deal with the escalating rate of inflation and interest rates through the inflation targeting regime in the 1990, there has been improved performance of the economy and a great control of the rate of inflation.

Macroeconomics in England

With the wave of globalization, there have been many changes in trade in the world.   The price of energy has been rising with the rising cost of crude oil.  The culture of the world has been changing as well with the emergence of consumer spending culture which has driven up the rate of consumption.

Macroeconomics in England

These and many other changes have changed the economic landscape of the world and have an effect on the macroeconomic performance of England as well (Shaw and McCrostie, 2002).