Rediscovering Growth

The difficult economic climate in Europe and the United States since the financial crisis is set to continue as the New Normal, despite frantic efforts to stimulate growth. The long phase of expansion that lasted from the 1980s until 2008 was driven by easy money, cheap imports and confidence - all gone. And the shift of geopolitical power to Asia is permanent. This does not mean that Western economies are inevitably condemned to "lost decades" ahead. They can rediscover productivity and growth - but governments face formidable political obstacles to the reforms this would require. A concise, objective analysis of the changing global economy since the financial crisis of 2008/9. Andrew Sentance rightly identifies a number of key lessons for policymakers today as they seek to deliver a balanced and sustainable growth path going forward. -- John Cridland, Director-General, CBI A must-read on the New Normal post-crisis economy. Andrew Sentance's book provides a wake-up call for businesses and governments on how to adjust and find new sources of growth in a changing global economy, no longer dominated by the West. -- Ian Powell, Chairman and Senior Partner, PwC Andrew Sentance offers a convincing diagnosis of our economic woes, challenging the current consensus. He draws on his wide business and policy experience to provide a valuable guide to the economic environment and future uncertainties. -- Simon Ward, Chief Economist, Henderson Global Investors