The imperative to increase investment as the mechanism for an economic recovey - and to close the public deficit - is begining to gain ground among influential mainstream economists. A recent article in the Financial Times on that theme by its chief economics commentator Martin Wolf was highlighted here.
A follow-up article has elaborated that argument and suggests that incentives to private sector investment are the key to economic revival currently. PE's Michael Burke says that the FT's influential voice on the side of boosting investment is a welcome one, and Burke goes on to argue that hopes of a private sector-led investment recovery seem misplaced, and that arguments to cut the public deficit to achieve that are reckless, and could lead to disaster.
You can read the full post here.
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