December 17, 2013

How Britain Returned to Growth

George Osborne, Wall Street Journal

The Associated Press

As the U.S. and Britain recover from the Great Recession, the question being asked of advanced economies like ours is this: Do we now face secular stagnation and long-term decline, so that it simply won't be possible to promise the next generation better lives than our own?

Having met with policy makers and business leaders in the U.S. over the past few days, my answer is an emphatic no. Britain, the U.S. and others in the West do not have to accept defeat in the global race and resign ourselves to eroding living standards.

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TAGGED: George Osborne, United Kingdom, Economic Growth

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