Economic Review - After The Storm

Foreward

In this Review, Roger Bootle, Economic Adviser to Deloitte, turns his attention away from the gloom of our immediate economic prospects to consider what the postrecovery economy might look like.

Once this recession is finally a memory, if not a distant one, the landscape will have changed dramatically. Roger believes that, in sharp contrast to the performance of the last ten years, neither the consumer nor government sector will play much of a role in driving economic growth over the next decade. In contrast, the star of the show will be the exporting sector, boosted by the drop in the pound.

He dismisses fears that the manufacturing sector has shrunk too far, instead arguing that the UK's manufacturing base can undergo a mini revival – helping to fill the hole left by the financial services sector's shrinking share of the economy.