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private debt and credit in the UK over a period of years.

private debt and credit in the UK over a period of years. mLLrn
The above-given graph illustrates the information on the private debt and credit in the UK over a period of years. Overall, the private debt has had few drops and rise here and there but it significantly rose over one period whereas the credits have a minority percentage and remain to fluctuate continuously in the period given. In terms of debts, GDP has been between 60-70% from 1880 to 1914. However, in 1918 there is a major drop of almost half that is to 30%. Whereas it started to increase gradually but loans again saw a decline during the 1940s to 30% and later had a lot of fluctuations until 1980. In 1980 the debts have been same as it was in the first year which is referred as a thatcher. Later in the years it started raising significantly and reached the highest peak of 190% by low-interest rates, mortgages in 2010 causing a great recession. On the other hand, assets started at zero percentage and it remained below 10% until 1915 where it showed a great decline to –10%. Again around 1918 it peaked to 10% but drastically dropped to –10% in 1920. Later on, it just kept oscillating between 0-10% for a long period. Whereas in 1990 it rose to a maximum of 20% along with debt and later on same to 0% in 2010 and increased by 10% in 2020.
The above-
given
graph illustrates the information on the private
debt
and credit in the UK over a
period
of years.

Overall
, the private
debt
has had few drops and rise here and there
but
it
significantly
rose over one
period
whereas the credits have a minority percentage and remain to fluctuate
continuously
in the
period
given
.

In terms of
debts
, GDP has been between 60-70% from 1880 to 1914.
However
, in 1918 there is a major drop of almost half
that is
to 30%. Whereas it
started
to increase
gradually
but
loans again
saw
a decline during the 1940s to 30% and
later
had
a lot of
fluctuations until 1980. In 1980 the
debts
have been same as it was in the
first
year which
is referred
as a thatcher.
Later
in the years it
started
raising
significantly
and reached the highest peak of 190% by low-interest rates, mortgages in 2010 causing a great recession.

On the other hand
, assets
started
at zero percentage and it remained below 10% until 1915 where it
showed
a great decline to –10%. Again around 1918 it peaked to 10%
but
drastically
dropped to –10% in 1920.
Later
on, it
just
kept
oscillating between 0-10% for a long
period
. Whereas in 1990 it rose to a maximum of 20% along with
debt
and
later
on same to 0% in 2010 and increased by 10% in 2020.
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IELTS academic private debt and credit in the UK over a period of years.

Academic
  American English
4 paragraphs
232 words
6.5
Overall Band Score
Coherence and Cohesion: 7.0
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Lexical Resource: 5.5
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  • Check your work for spelling and word formation mistakes
Grammatical Range: 6.5
  • Use a variety of complex and simple sentences
  • Check your writing for errors
Task Achievement: 7.0
  • Answer all parts of the question
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    Present relevant ideas
  • Fully explain these ideas
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    Support ideas with relevant, specific examples
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