Intelligence Squared Business Weekly: How To Reconstruct The Economy After Covid
Dec 13, 2021
Ian Livingstone, a businessman, discusses the British economy's recovery challenges post-COVID. Dr. Dambisa Moyo, a global economist, talks about international growth perspectives amid the pandemic. Lord King, former Governor of the Bank of England, shares insights on necessary monetary policies. They delve into the importance of government-business collaboration, the impact of Brexit on labor markets, and the need for innovative investments to address urgent global issues like climate change. Together, they brainstorm strategies for a resilient economic future.
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UK Economic Concerns
- The UK faces supply shortages, labor shortages, and inflation, hindering business growth.
- The government isn't engaging with the private sector effectively, adding to the problem.
Global Economic Headwinds
- The pandemic worsened pre-existing economic issues like inequality, technological unemployment, and climate change.
- Global growth forecasts are trending downwards, raising serious concerns.
Rethinking Economic Recovery
- Economic recovery from the pandemic isn't a typical business cycle downturn, requiring different solutions.
- Focus should be on reallocating resources and changing the economic structure, not just GDP growth.