Deloitte Monday Briefing: Don’t Bet Against The Growth Escalator

The Monday Briefing, written by Ian Stewart, Deloitte's Chief Economist in the UK, gives a personal view on topical financial and economic issues.

• The Global Financial Crisis has contributed to a mood of pessimism about the ability of industrialised economies to deliver rising living standards. Parents worry about the lack of opportunities for their children and the risk that they face static or declining standards of living.
• Such concerns have clearly been shaped by the major squeeze on households of the last five years. But are such conditions really likely to persist for many years to come? 
• Certainly history suggests that deep financial crises cast a long shadow, depressing growth for a number of years. Yet, in time, economies bounce back, sometimes with renewed vigour.