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.
Link: http://money.cnn.com/galleries/2009/news/0903/gallery.g20_economies/2.html
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