Economic Update – The Big Issues for the UK, Europe and Globally
30 January 2014
Meeting Time: 08.15 - 10.00
As we enter 2014, the UK economy appears to have stabilised and there are now firm, if modest, growth predictions for the coming years. Employment is up as is business confidence as measured by most of the recognised indeces and a double, or even triple, dip recession seems to have been avoided. However, some still wonder whether or not the recession is really over and recovery is sustainable when retail spending and the housing market seem to be the main contributors to growth.
Looking beyond our own domestic concerns, what does the broader European and world canvas look like going forward – the global environment in which our major companies operate?
At this breakfast briefing, John Kay provided us with his own views on these issues, not just as an economist looking at the odd percentage point movement in forecasts or outturns but as an academic and businessman with an eye for the bigger picture. In his presentation, John addressed a number of issues including:
- The global economy and its future performance and main constituents
- Relative prospect for the East and the West
- The european economy
- The sustainability of the recovery in the UK
- The use and interpretation of economic statistics.