United Kingdom
GDP -1.2%
Inflation 0.1%
Unemployment 6.3%
Markets -11.2%
Gallon of gas $4.85
Interest Rates 0.5%
Challenges The pound fell to a 23-year low against the dollar in January 2009 as the banking sector continued to post historic losses. The country's productivity and home values have plummeted, leading the nation's economy into a recession.
Solutions Prime Minister Gordon Brown unveiled a $63 billion bailout for the banking sector in October. In January, the Bank of England set up a special fund to buy up to $74 billion of high-quality private sector assets. The new plan also created a wide scale insurance program aimed at protecting banks against further losses and guarantee bank assets backed by mortgages and other loans.
See stats for all 10 countries
NEXT: Russia
Inflation 0.1%
Unemployment 6.3%
Markets -11.2%
Gallon of gas $4.85
Interest Rates 0.5%
Challenges The pound fell to a 23-year low against the dollar in January 2009 as the banking sector continued to post historic losses. The country's productivity and home values have plummeted, leading the nation's economy into a recession.
Solutions Prime Minister Gordon Brown unveiled a $63 billion bailout for the banking sector in October. In January, the Bank of England set up a special fund to buy up to $74 billion of high-quality private sector assets. The new plan also created a wide scale insurance program aimed at protecting banks against further losses and guarantee bank assets backed by mortgages and other loans.
See stats for all 10 countries
NEXT: Russia
Last updated March 30 2009: 8:02 AM ET
RSSSources: IMF, national statistics offices, central banks, FTSE 100, AIRINC
