The topic for discussion in the third meeting of TheCityUK's Independent Economists Group (IEG) was Trade and infrastructure as drivers of global growth: what are the opportunities for the UK?
Sustained growth in trade, which has grown twice as fast as global GDP over the past 15 years, and heavy demand for infrastructure investment, expected to reach $71 trillion over the next 20 years, are both set to be key drivers of global growth over the long term.
In a competitive global market, the UK needs to deploy its strengths to remain effectively engaged, especially given ongoing challenges in the eurozone as well as the more general slowdown in the world economy in 2012.
The third TheCityUK Independent Economists Group (IEG) Report reviews the UK’s trading position and takes the view that raising UK export performance has a major contribution to make, not only in addressing the country’s perennial trade deficit, but more broadly in raising living standards, boosting employment and growing real incomes. A number of strands were highlighted by the Group on the scope for increasing exports.
The Group also considered that messages and attitudes from UK government and regulatory authorities with regard to bank capital requirements, migration policies and public private partnerships could work against the UK’s economic interests. As well as initiating how these could be addressed, they also identified ways in which the UK could participate in the growing global market for infrastructure investment.
You can view the report in full by following this link.
FTSE Mondo Visione Exchanges Index:
TheCityUK: Trade And Infrastructure As Drivers Of Global Growth: What Are The Opportunities For The UK?
Date 04/12/2012