I think generally we need to recalibrate our expectations of how fast an economy can boom and bust. It can bust extremely quickly, but stabilisation from a downward spiral is slow, and growth afterwards is slow.
We have a huge debt, more austerity is nearly impossible to implement as things are at breaking point. More taxes is nearly impossible as we’re at breaking point. More investment which we need, raises more debt, which is already crippling.
Feels to me like things are stabilising a little bit, with a few positive areas, further growth will require long horizon strategic investment that take long time to bring ROI, and not get disrupted by flip flopping successive governments.
We need parties (all sides) to genuinely want positive outcomes for the nation, with low corruption.
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I think generally we need to recalibrate our expectations of how fast an economy can boom and bust. It can bust extremely quickly, but stabilisation from a downward spiral is slow, and growth afterwards is slow.
We have a huge debt, more austerity is nearly impossible to implement as things are at breaking point. More taxes is nearly impossible as we’re at breaking point. More investment which we need, raises more debt, which is already crippling.
Feels to me like things are stabilising a little bit, with a few positive areas, further growth will require long horizon strategic investment that take long time to bring ROI, and not get disrupted by flip flopping successive governments.
We need parties (all sides) to genuinely want positive outcomes for the nation, with low corruption.