United Kingdom (UK) PESTLE Insights - A Macroeconomic Outlook Report

United Kingdom (UK) PESTLE Insights - A Macroeconomic Outlook Report
Summary

According to GlobalData estimates, in 2022, financial intermediation, real estate and business activities contributed 34.1% towards GVA, followed by mining, manufacturing and utilities (12.9%), and wholesale, retail, hotels (12.1%). The three sectors are forecast to grow by 5.6%, 5.3%, and 5.5%, respectively, in 2023.

London, Manchester, Breckland and South Norfolk, and East Sussex County Council contributed 39.9% to the country’s GDP and were home to 28.5% of the UK’s population, as of 2022, according to GlobalData’s cities database.

Key Highlights

The FTSE100 Index exhibited a volatile trend over past year. As of March 24, 2023, the Index stood at 7,499.6, compared to 7,467.4 on March 24, 2022.

ScopeWith an aim to boost the UK economy, in the budget 2023,the government committed GBP600 billion ($742 billion) towards economic and social infrastructure over the next five yearsReasons to BuyMacroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operationsAlong with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.