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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.

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