- Falling participation is in part a long term trend
- Low productivity a surprise and reasons not clear
- May have been led by slow pace of capital investment and business innovation as well as company start ups
- Eventually US will return to pre-crisis growth path
- UK was fantastic in speed of dealing with crisis (ok I embellished that bit) UK political response worked faster in a parliamentary environment
- Not concluding that very low interest rates will be permanent
And it’s all over.
