From The World In 2014 print edition
GDP growth: 1.8%
GDP per head: $39,600 (PPP: $39,220)
Budget balance (% GDP) -6.4
The Conservative-Liberal Democrat coalition government, headed by David Cameron, has fallen far short of its goal of fixing the public finances, but a broad-based recovery means that probably won’t matter. Although growth has been helped by some reflating of the housing bubble, a better global environment should secure the recovery. Making up ground lost to the credit crunch will, however, take years. Companies will remain wary of investment in energy and transport infrastructure, given weak demand and political indecision.