Presenter: Aditya Chakrabortty
First broadcast: The Business Podcast, guardian.co.uk, 30/11/2010
This week a bullish George Osborne revelled in the latest growth projections of the government’s independent economic forecasters. The Office for Budgetary Responsibility revised its figures upwards on growth and downwards on unemployement. But Labour are still warning that cuts to public sector spending represent a gamble.
Also this week, the EU has endorsed an €85bn bailout for Ireland but the market reaction has been muted. Can Europe grow its economy out of trouble – and will there be a day of reckoning for the bond markets.
And as Europe struggles, is the rise of China inevitable? Not so fast, says George Magnus….more