by Duncan Weldon

On Monday, at the launch event for the IPPR’s collection of essays on growth, Wendy Carlin gave an excellent talk on growth, policy and rebalancing.

One graph from that talk, which I hadn’t seen before, really speaks for itself – an international comparison of fiscal stimulus/tightening in 2011.





Terrifying.

George Osborne likes to claim that international opinion is on his side. I’d love to know how he explains that chart.