The Financial Times:
Economists' Forecasts: Boosts and risks to recovery
3 January 2016
Four out of five economists in the Financial Times survey see another good year of UK growth, keeping Britain near the top of the international table for advanced economies, a position it has enjoyed since the start of 2013.
Question: Economic prospects: How easily will Britain's economy secure a third decent year of growth? Please explain your thinking
John Van Reenen, Director, Centre for Economic Performance:
Growth is likely to be similar or a little lower than this year's. It is disappointing that we are still so far below pre-crisis trends. There are many risks to the downside globally: problems in China and other big emerging markets like Brazil and South Africa; global security risks & ongoing slow growth in Eurozone. UK growth is still too property focused with a lot of household debt. There's no ''march of the makers'', as exports and manufacturing continue to underperform.
This article was published by The Financial Times on January 3, 2016
Link to article here
Related links
John Van Reenen webpage
Growth Programme webpage