Slow growth does not have to be our ‘new normal’. Government needs to change the way it looks at the growth problem in the long term
AbstractToday the IMF cast doubt on the Chancellor’s deficit reduction programme and new figures suggested that manufacturing activity had all but ground to a half. The news from the Office of National Statistics (ONS) last week that the UK economy grew by only 0.2% in the second quarter of 2011 – down from 0.5% in the first quarter – also made for grim reading. Anna Valero and John Van Reenen argue that the government should reverse some of the spending cuts, change immigration policy, and invest in public infrastructure in order to rebalance the economy and restore growth.
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Date of creation: 02 Aug 2011
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- Corry, Dan & Valero, Anna & Van Reenen, John, 2011.
"UK economic performance since 1997: growth, productivity and jobs ,"
Open Access publications from London School of Economics and Political Science
CEPSP24, London School of Economics and Political Science.
- Dan Corry & Anna Valero & John Van Reenen, 2011. "UK Economic Performance Since 1997: Growth, Productivity and Jobs," CEP Special Papers 24, Centre for Economic Performance, LSE.
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