Who will rule the 21st Century?
This is a nice big question to ponder on the holiday beach or in the rented villa. A vast amount has already been written on the rise of China and whether the US will be replaced as the global superpower. And where exactly does Europe fit into all this? It is easy to make a […]
Recovery is not always smooth
There has been huge media attention about the 2011 Q2 UK GDP growth figures released today. The estimate of 0.2 per cent shows only very weak growth. It is bound to be revised either up or down as more information comes to light. But at the moment, recovery looks very weak, after more rapid growth […]
one swallow…
Of course one swallow doesn’t make a summer, but the second quarter 2010 UK GDP figures released today show output growing at an annual rate of over 4 per cent, much higher than the consensus. I wrote a piece for the Financial Times last summer arguing that ‘The historical evidence reveals a typical pattern of […]
