Imagine, that the government of a particular country (UK) invited you as an expert of the World Bank to analyze current economic policy and help to find the ways of economic growth (or solving long-term problems such as budget deficit, high rate of unemployment, deficit of trade balance). Please include a detailed report including answers, data, graphs, and explanations.

ECONOMIC POLICY OF UNITED KINGDOM:

What are the key problems of this economy? (economic recession / depression, budget deficit, high rate of unemployment, deficit of trade balance, structure of GDP etc.). Why these problems appeared? Why they couldn't be solved before? (take a look at GDP data for 2016-22 and decide which period of economic cycle it probably could be for this economy)

Research and find out, what are the cyclical problems of this economy and what are the structural problems of the economy and state budget. Find out at least four main problems.

What are the key characteristics of this economy? What do you need to consider while preparing suggestions for fiscal policy? Hidden economy, standard of living, distribution of income, why do we need to consider these factors before we make decisions about the fiscal policy?