prometeo1984
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Hello everyone!
I have some very basic knowledge of macro economics, so really hope you could help me out on understanding the relationship between a weak pound and the national debt.
If I am not wrong the national debt is approximately 50% of the GDP, so government has to work to cut government budget and try to restore the debt.
Now, how does a weak pound come into play? Given that the nature of the British economy is not manufacturing nor export driven, in which way can a weak pound recover the economy/restore the debt?
Does is have to do with the currencty of the debt? With the currency of the reserves?
Thanks for the help!
I have some very basic knowledge of macro economics, so really hope you could help me out on understanding the relationship between a weak pound and the national debt.
If I am not wrong the national debt is approximately 50% of the GDP, so government has to work to cut government budget and try to restore the debt.
Now, how does a weak pound come into play? Given that the nature of the British economy is not manufacturing nor export driven, in which way can a weak pound recover the economy/restore the debt?
Does is have to do with the currencty of the debt? With the currency of the reserves?
Thanks for the help!