How will companies weather the fiscal storm?

The corporate sector is in a relatively good position to withstand the fiscal squeeze, and as the public sector retreats a wealth of opportunities for the private sector should emerge.

That’s the view of economist Roger Bootle in the latest issue of Deloitte’s Economic Review, which looks at how companies are likely to fare during the looming period of fiscal austerity. Continue reading

Still everything to play for, says Bootle

After a difficult period over the next two years, there’s no reason why the UK economy cannot return to being a relative outperformer when compared to other major European countries, according to a leading economist.

Roger Bootle, economic adviser to Deloitte, said the UK should be able to compete with neighbouring European economies but warned that it would be futile to compare it to fast-growing developing economies that, even with a decent performance by its past standards, it is never going to beat over a prolonged period. Continue reading

Bootle: Recovery will be sluggish and protracted

The near-term outlook for the economy has improved but there remains a huge amount of uncertainty about what shape the recovery will take, according to Roger Bootle, economic adviser to Deloitte.

Mr Bootle said at least three key factors have driven the recent improvement in the economic indicators but none seem to set the stage for a sustainable and strong recovery. Instead, he warned that the recovery would be “sluggish and protracted”.

Continue reading