UK avoids recession, but still underperforming
14 February 2023
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Economics
Mark Littlewood appears on GB News
14 February 2023
Healthcare
Christopher Snowdon quoted in The Sunday Express
14 February 2023
Housing and Planning
Julian Jessop writes in The Express
IEA Economics Fellow Julian Jessop wrote in The Daily Express discussing news that the UK narrowly avoided recession in 2022.
Julian said:
“The news that the UK appears to have dodged a recession at the end of last year is better than the alternative and another reminder not to pay too much attention to official forecasts. But it is still little to cheer.
“Unlike almost all our peers, the UK economy is still smaller than it was before the pandemic struck.
“More worryingly, this UK underperformance comes on top of a decade of stagnant productivity and weak economic growth in the wake of the Global Financial Crisis.”
The full article can be read here.
Julian said:
“The news that the UK appears to have dodged a recession at the end of last year is better than the alternative and another reminder not to pay too much attention to official forecasts. But it is still little to cheer.
“Unlike almost all our peers, the UK economy is still smaller than it was before the pandemic struck.
“More worryingly, this UK underperformance comes on top of a decade of stagnant productivity and weak economic growth in the wake of the Global Financial Crisis.”
The full article can be read here.
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