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Why a return to the roaring twenties is unlikely for the UK economy

Graham Watson

17th July 2022

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Larry Elliott argues here that the next few years are unlikely to see a repeat of the 1920s, with a Fourth Industrial Revolution.

Instead, he suggests that there are four problems that need tackling -the re-establishment of a relatively calm macroeconomic environment, the need for higher levels of investment, an attempt to tackle inequality and greater global co-operation.

Without it, we're likely to see continuing economic problems - and countries from Sri Lanka to developed European economies suffering.

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Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.