The Path to Economic Recovery

In this article in today’s Sunday Business Post, I analyse some of the factors that are required to ensure that the economy resumes positive growth within a reasonable time period.  I focus on non-budgetary and non-credit elements, since those issues are receiving plenty of attention.  In turn, the restoration of fiscal and banking health will be greatly facilitated by more rapid real-side adjustment. (I will contribute to the fiscal debate in another post.)