Tag: GDP

‘V’ for recovery!

The recovery in the UK economy is already taking shape nicely – and the shape looks increasingly like a ‘V’, where activity 'bounces back’ quickly and returns to more normal levels much sooner than most currently expect. Despite this, many commentators are still pessimistic and even eager to emphasise the downside risks. It is time … Continue reading ‘V’ for recovery!

A deeper dive into the OECD’s forecasts

On Wednesday the OECD’s latest Economic Outlook presented a relatively downbeat assessment of the impact of the coronavirus pandemic on the global economy (more ‘U’ than ‘V’). The report also flagged up some specific concerns about the vulnerability of the UK, which prompted some particularly gloomy headlines here. But is the OECD on to anything … Continue reading A deeper dive into the OECD’s forecasts

The economy could pleasantly surprise us at how fast it recovers

The focus of economic policy is starting to shift from protecting businesses, jobs and incomes during the lockdown towards supporting the recovery. Business lobbies, ‘big state’ think tanks, academics and the TUC are all lining up to call for a huge fiscal stimulus. However, more intervention now could be exactly the wrong choice. Instead, we … Continue reading The economy could pleasantly surprise us at how fast it recovers