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Is this the year for recovery?
At the time of his autumn statement, George Osborne had to confront some uncomfortable truths about the growth of the economy, the single most important determinant of private and public finances alike. He is not alone. All over the world politicians, companies and individuals have been struggling to come to terms with economies that have not been functioning according to plan.
Ever since the financial crisis the hope that this is a “normal” economic cycle has been frustrated. In spite of record low interest rates and huge government borrowing,…
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