A personal view from Ian Stewart, Deloitte’s Chief Economist in the UK.
The past, as the novelist LP Harley wrote, “is another country, they do things differently there”.
And things were different in the year 2000. The global economy was booming. The 3.5% growth rate in the UK and the 3.8% figure in the euro area that year have not been bettered in the 19 years that followed.Tony Blair was in Downing Street, George Bush was in the White House and Vladimir Putin had just become president of Russia. The events of 9/11, and the subsequent wars in Afghanistan and […]
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