Remission not recovery

Steve Davies appears on BBC Radio 5 Live

Steve Davies appeared on BBC Radio 5 Live to discuss the current state of the economy.

The current economic growth is merely a remission rather than a recovery. Steve Davies stated that he was skeptical about whether even the small amount of growth we've seen is sustainable or if it is false growth being funded by credit and consumption. What we really want to see is growth in production and manufacturing.

Listen to the full programme here. Segment begins at 2:10:00