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Economist Notes UK's Economy was Maimed 15 Years Ago [Eurodollar University, Ep. 260]

Eurodollar University

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The Growth Problem in the UK

The idea that britain has a growth problem is not new, but few realize how deep a hole it is in. The average annual g d p growth over the deck preceding the global financial crisis of two thousand seven to two thousand nine was two point seven%. Now closer to just one point seven %. Lower g d p means declining global influence. Check, faltering faith in free markets and less money for public services. A struggle over fixed resources fires the populism that turns politics into an ugly fight about identity. Check, the shortage of funds for investment and trenches tired and inefficient institutions. And worst of all, the lack of growth limits britons scope to flourish.

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