Deloitte Monday Briefing: Print Me A Bond Car

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

• We are often asked which parts of Western economies are going to drive the recovery.
• With governments desperately seeking to cut borrowing the private sector will have to provide most of the impetus for the recovery.
• But the real conundrum is about which parts of the private sector and which industries and processes will drive growth. History suggests a good deal of future activity will come from sources of which we currently have little, if any, awareness.
• Innovation and creative destruction continually reshape economies. No one can perfectly anticipate the feel of such change, not even the creators of new technologies. Tim Berners Lee could surely not have guessed at the transformational effects of the World Wide Web when he invented it 20 years ago.