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English Economy
Ali Chakri
Created on November 28, 2023
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Transcript
Alì Chakri Zakaria Hadioui
The English Economy
The economy of England is the largest in the UK and one of the largest in the world. The service sector is the largest sector of the economy, accounting for around 80% of GDP. Manufacturing and construction are also important sectors, contributing significantly to the economy. London is the financial center of England and one of the leading financial centers in the world. The economy has faced challenges in recent years, including Brexit and the COVID-19 pandemic.
Overview of the Economy of England
- Growth in Service Sector
- The service sector has been the largest employer in England for the past decade, with growth in industries like healthcare, education, and finance
- Decline in Manufacturing
- The manufacturing sector has seen a decline in employment over the years, with companies moving production overseas for cheaper labor costs
- Rise in Self-Employment
- Self-employment has been on the rise in recent years, with more people starting their own businesses or working as freelancers in industries like technology and creative arts.
Employment Trends
Major Industries
Fishing Livestock farming
Agriculture
Banking and insurance
Finance
Automotive industry Aerospace industry
Manufacturing
- Machinery.
- Automotive.
- Pharmaceutical .
- Electronics.
- United States.
- China.
- Netherlands
- France
- Germany
Export goods
Trading partners
As the England leaves the EU, and it has the opportunity to forge new trade relationships with other countries, which could provide a boost to the economy.
The England's strong legal framework, as well as its highly skilled workforce, make it an attractive destination for foreign investments.