The Current Economic Performance of Brazil Essay

The Current Economic Performance of Brazil - Essay Example The United Kingdom is one of the most important members of the European Union due to its political as well as economic significance. In order to initiate a Greenfield project in the UK, following factors may be taken into consideration: UK is going through one of the toughest economic periods in its history due to the credit crisis which emerged from the US. However, its performance in the recent past has been credible due to its consistent growth rates achieved over the period of time. From 2003 to 2007, it achieved an average growth rate of 2.7% whereas inflation has remained under 2% during the period. (Economist.com, 2008). The exchange rate parity between the US dollar and UK pound has remained under control too as the average exchange rate during 2007 remained at 0.5GBP per US Dollar. The upcoming forecasts regarding the performance of the UK’s economy are not favourable as many analysts have projected a negative growth in GDP for the year 2009. UK’s population is over 65 million with an average age of 39 years. Out of this population, 65% of the population belongs to the working class in which almost 52% of the population lives in the age group of up to 40 years. (The Times 100, 2008) What is also important to note that a larger chunk of the UK’s population is ageing, therefore, it has been anticipated that there may be a shortage of young employable population. It is also critical to note that the UK has adopted a very lenient immigration policy which allowed it to enjoy one of the largest immigration population in the region. This also, however, provides it with a readily available pool of employable population at relatively lower cost.