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Side point. Just because a government is in power doesn't mean they are responsible for the economy doing well. Often the previous policies take time to take
by wolco 7y ago
Side point. Just because a government is in power doesn't mean they are responsible for the economy doing well. Often the previous policies take time to take hold more so global trends are driving this. What happened after 2007 the housing crisis.. in part made by government policy spanning decades in part because of foreign influence through global markets.
- jashmatthews 7y agoThat’s true but widespread economic opinion is that the austerity policies have resulted in lower growth. Cuts started before 2010 and the effects are visible now. The IMF was critical of the policy as early as 2013 but the conservative government pushed on for idealogical reasons. There’s little reason to continue self harm.