Sustaining the Recovery - speech by Andrew Sentance

In a speech to the British American Business Council, Dr Andrew Sentence - an external member of the Bank of England's Monetary Policy Committee - discusses the challenge of creating the right conditions for a "...sound and sustained recovery".
Published on 13 October 2010

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...".

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