Smith's economics - Growth falls short
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Magazine Article, Source : The Manufacturer
Published : September 2002
Pride comes before a fall but so far Gordon Brown and Tony Blair, with their insistence on ‘no return to boom and bust’, have escaped the worst verdict of the fates, says David Smith. Bust has been avoided, despite the consumer boom that preceded it
Now, a different problem is emerging, that of slow growth. Already the chancellor’s forecast for this year, of a 2 to 2.5 per cent expansion, looks unattainable. The omens for next year, and the Treasury’s prediction of an acceleration in 2003’s...
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