The fiscal “giveaway” announced by the UK government yesterday has generated a lot of headlines, but it is trivial in a global context, or compared to the US stimulus. For advanced economies overall, fiscal policy is unlikely to be a major factor either boosting or dampening growth in the coming year or two.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services