Austerity has been dragging on the economy. But maybe not for much longer.

This short article published by the Washington Post is WELL WORTH A READ.

English: US President Barack Obama and British...

English: US President Barack Obama and British Prime Minister David Cameron trade bottles of beer to settle a bet they made on the U.S. vs. England World Cup Soccer game (which ended in a tie), during a bilateral meeting at the G20 Summit in Toronto, Canada, Saturday, June 26, 2010. (Photo credit: Wikipedia)

Check it out!

Austerity has been dragging on the economy. But maybe not for much longer.

It seems that whilst austerity has been a drag on growth in the US over the last two years, the impact is almost now eliminated.

Sadly, David Cameron and leaders in Southern Europe cannot look to similar headlines. According to the IMF, the rate of austerity in Europe, especially the UK, has been too severe and will severely restrict opportunities for growth over he forseeable future.

Any thoughts?

Enhanced by Zemanta

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: