He explores the extent of the recovery so far and how it compares with previous recoveries. Andrew Sentance finds "...grounds for encouragement". In particular, he notes that the "resilience of employment ...should help to sustain consumer confidence. It is also a positive indicator about medium-term economic prospects" and "... should also give us encouragement that the private sector can generate job growth that will more than offset the public employment cuts that may be in prospect...".
Published on
13 October 2010
Press release