Follow by Email

There was an error in this gadget
There was an error in this gadget

Saturday, 12 September 2009

Economic recovery

Peston cites RBS CEO Stephen Hester in highlighting the dangers of economic recovery.
I'm with him on this. Too-fast a recovery may lead to the lessons not being learnt (I don't think they have) and/or a 'double dip' recession, when what we need is a focus on a really sustainable future.
Lower lending rates can be a good or bad thing, and should not in and of itself be a measure of progress. For too long debt has been too central to the economy, so a reduction in this can be welcomed as a step on the way to a sustainable future.

No comments: