Magazine
Latest Issue

Robust public policies will determine the economic outlook for the UK

Policymakers must limit the spread of the virus while marshalling the right monetary and fiscal tools

By Jagjit S Chadha  

Photo: SOPA Images/SIPA USA/PA Images

The Covid-19 pandemic and the effects of the measures taken to protect lives continue to dominate the short-term global economic outlook. World growth has not only stalled this year but has moved significantly into reverse, and will take activity back to its 2018 level. Year-on-year growth in world income has hovered in the range of 3 to 4 per cent for three decades, and even in the worst year of the once-in-a-lifetime financial crisis it was barely negative, yet we now expect global…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect