The IEA's State of the Economy conference, which took place on 23 February at the Institute of Directors, was widely covered in the media, with comments made by the distinguished line up of speakers quoted extensively.
The Daily Telegraph quoted Andrew Sentance, former Monetary Policy Committee member, saying that weak growth and volatility are the 'new normal' that Britain would have to get used to.
FT Adviser quoted Roger Bootle, Managing Director at Capital Economics, warning that the UK would face another 'ghastly' financial crisis and a long slog back to prosperity. Bloomberg reported Bootle's prediction that consumer spending would not return to pre-downturn levels for a whole decade. His comments on the eurozone's 'existential crisis' and the likelihood of a Greek exit from the currency union were quoted on PublicService.
Steve Hanke, Professor of Applied Economics at John Hopkins University, was quoted on CityWire, saying that the crisis was not a result of market failure, but government failure and that central bankers, especially the Fed, were the enable