macro overview

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Macro Overview May 2013

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Page 1: Macro overview

Macro Overview

May 2013

Page 2: Macro overview

Trends and Implications?

Page 3: Macro overview

The Great Stagnation?

Page 4: Macro overview
Page 5: Macro overview

Weak Recovery

Page 6: Macro overview

Drivers of Growth

Page 7: Macro overview

Potential GDP and Trend Growth

Page 8: Macro overview

Labour Productivity

Page 9: Macro overview

Underemployment

Page 10: Macro overview

Monetary Policy

Page 11: Macro overview

Bank Lending

Page 12: Macro overview

Exchange Rate Issues

Page 13: Macro overview

Fiscal Policy

Page 14: Macro overview

C to I ?

Page 15: Macro overview

M to X ?

Page 16: Macro overview

MP v 2.0?

Page 17: Macro overview

Impacts of MP ?

Page 18: Macro overview

MPC Key Judgements

Page 19: Macro overview

Impacts of a Stagnating Economy?

Page 20: Macro overview

FP Position: tax or spend ?

Page 21: Macro overview

UK v RoW