With inflation close to 10% and growth slowing, the British economy is dangerously close to recession. But the recent health crisis and Russia's invasion of Ukraine are only multipliers of economic damages already produced by Brexit. The lack of coherence in the policy mix implemented by Liz Truss' government and the lack of credibility of the stimulus plan are sending negative signals the markets. How can the UK government respond to record inflation, slowing growth, low business investment and the depreciation of the pound?
Professor of International Economics, Strategy Research Centre, SKEMA Business School - University Côte d'Azur
Laurent Ferrara is full Professor of International Economics at SKEMA Business School since September 2019. He was previously head of the International Macroeconomics Division at the Banque de France in Paris. He is also giving lectures at the Paris School of Economics and the University of Paris Nanterre where he is an associated researcher at EconomiX, a CNRS research unit. Laurent Ferrara has been elected in June 2020 at the Board of Directors of the French Economic Association (AFSE). He is also heading the MacroFor section of the International Institute of Forecasters, where he has been director for 8 years. He is an associate editor of two leading academic journals: the International Journal of Forecasting and International Economics. Pr. Ferrara holds a PhD in Applied Mathematics from the University of Paris North (2001) and a Research Habilitation in Economics from the University of Paris 1 - Panthéon - Sorbonne (2007).