This graph (via Brad DeLong) shows that GDP in the US is almost at the level it reached prior to the recession. Some of this growth is the result of US fiscal policy. It isn't great but it is much better than what is happening in the UK. GDP in the UK has stagnated since the imposition of fiscal austerity. Where is the "confidence fairy" hiding?
Thursday, October 27, 2011
Fiscal Stimulus In US Versus Fiscal Austerity In UK
This graph (via Brad DeLong) shows that GDP in the US is almost at the level it reached prior to the recession. Some of this growth is the result of US fiscal policy. It isn't great but it is much better than what is happening in the UK. GDP in the UK has stagnated since the imposition of fiscal austerity. Where is the "confidence fairy" hiding?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment