Could the UK rate of productivity be better than initially thought?

Could Britain’s rate of productivity be better than initially thought? Philip Aldrick, The Times Economics Editor, says the upcoming third revision to second-quarter GDP should be able to tell us. The third GDP estimate will come with a series of revisions to previous growth figures over several years. If these are revised upwards, that suggests our productivity is not as bad as it first appears.But it’s a different story in the US, where a decision by the Fed not to raise interest rates have left investors clearly spooked by China, says Alexandra Frean, US Business Editor. “People are really nervous and are reigning in their spending” she explains.In fact, no one knows what’s going to happen to China’s economy, and that’s scaring global policy makers, Philip Aldrick argues.He asks whether we are about to hit a third cycle of the global financial crisis. First there was financial the crisis of 2007-08, then the sovereign debt crisis in Europe, now some people are warning that it’s China’s turn to...

Hosted on Acast. See acast.com/privacy for more information.