Surveillance: Banking Tremor with El-Erian
Bloomberg Surveillance
00:00
The Importance of Growth Models
Britain has become comfortable with low growth, says Al Aryan. Germany and other countries who had the luxury of exceptionally low interest rates didn't make the move to invest in a way that they should have done. There's all these fancy placards and marketing ideas of infrastructure but McKinsey-like 80-page documents on development. It was a total failure of policy over the last 10 years. Are we going to see austerity in Britain again? I mean, within the shocks that we see now, Britain is so comfortable with austerity, aren't they?
Play episode from 08:13
Transcript
