Machiavelli
Well-known member
The UK, and the wider 'developed' world, remains in trouble, in keeping with recent historically low growth rates. More particularly, the following long-term factors continue to be problematic:
-- no substantial long-term rise in productivity (which most economists identify as key to a growing economy)
-- wage growth has been negligible to poor for decades
-- debt levels are growing and, in the UK, are now back up to or even beyond what they were in 2007
-- major issues look as though they're going to play a growing role in the short- and long-term future, including climate change and other environmental factors (e.g. biodiversity loss), the rise of nationalism (e.g. Brexit) that at the very least raise questions about international trade treaties, a highly unstable international system (e.g. ISIS, the wider Middle East, Trump)
All of this points to further surprises in the political realm.
-- no substantial long-term rise in productivity (which most economists identify as key to a growing economy)
-- wage growth has been negligible to poor for decades
-- debt levels are growing and, in the UK, are now back up to or even beyond what they were in 2007
-- major issues look as though they're going to play a growing role in the short- and long-term future, including climate change and other environmental factors (e.g. biodiversity loss), the rise of nationalism (e.g. Brexit) that at the very least raise questions about international trade treaties, a highly unstable international system (e.g. ISIS, the wider Middle East, Trump)
All of this points to further surprises in the political realm.