Question 2: What is the most important contribution economic policymakers can make growth in the UK over the next decade?
Answer:
Raising public investment (in physical and human capital)
Confidence level:
Very confident
Comment:
Public investment has been low for a long time since the post-GFC period of austerity. Addressing this deficit requires a great of investment in infrastructure and public services that would help improve the lives of ordinary people and raise productivity.
Question 1: How do you see prospects for future (per capita) GDP growth in the UK in the next decade?
Answer:
Low growth because of UK-specific structural challenges
Confidence level:
Confident
Comment:
I also see some worldwide factors, but I think the UK specific ones dominate.
The CFM surveys informs the public about the views held by prominent economists based in Europe on important macroeconomic and public policy questions. Some surveys focus specifically on the UK economy (as the CFM is a UK research centre), but surveys can in principle focus on any macroeconomic question for any region. The surveys shed light on the extent to which there is agreement or disagreement among these experts. An important motivation for the survey is to give a more comprehensive overview of the beliefs held by economists and in particular to include the views of those economists whose opinions are not frequently heard in public debates.
Questions mainly focus on macroeconomic and public policy topics. Although there are some questions that focus specifically on the UK economy, the setup of the survey is much broader and considers questions related to other countries/regions and also considers questions not tied to a specific economy.
The surveys are done in collaboration with the Centre for Economic Policy Research (CEPR).
Levelling Up Productivity Gaps in the UK
Question 2: Which policies could best help reduce regional productivity disparities?
Question 1: What is the primary factor driving regional productivity disparities in the UK?
Prospects for UK Economic Growth
Question 2: What is the most important contribution economic policymakers can make growth in the UK over the next decade?
Question 1: How do you see prospects for future (per capita) GDP growth in the UK in the next decade?
The Impact of the Russian Invasion of Ukraine on the UK Economy
Question 2: Relative to the public spending plans at the beginning of the year, the UK government should respond by:
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