U.K. GDP Rises 0.5% After Brexit Vote

The video discusses the divergence between market expectations and economists' predictions regarding rate cuts, highlighting the UK's economic growth despite Brexit. It emphasizes the dominance of the service sector in the UK and compares it with other economies. The discussion shifts to fiscal policies, suggesting that countries with fiscal space, like the eurozone and Japan, should increase spending. The video also touches on political implications, suggesting fiscal spending as a strategy to counter populist threats in the eurozone.

What was the predicted probability of a rate cut next week according to economists surveyed?

• 4.3%

• 70%

• 50%

• 30%

What percentage of the UK's economy is accounted for by services?

• 50%

• 80%

• 60%

• 70%

Which two economies are mentioned as being in the fast lane of growth?

• UK and US

• US and Eurozone

• UK and Japan

• Eurozone and Japan

Which regions are expected to have more fiscal space for spending next year?

• US and UK

• Eurozone and Japan

• China and India

• Australia and Canada

What is considered the biggest threat to the euro according to Mr. Draghi?

• Trade deficits

• Anti-reform movements

• Currency devaluation

• High inflation