US v UK: Who will win the recovery race?

US v UK

Linsey Thomson, senior economist at Alliance Trust Investments, looks at which economy is in better shape.

For hundreds of years, the ties between the US and UK have been closely watched. The relationship between these two economies is still extremely important for the global economy given that the US and UK continue to make up a large proportion of world trade. Following the financial crisis, these two economies, once again, face very similar problems, as they try to generate demand, boost export competitiveness and get government finances onto a more stable footing. However, currently, the UK is prioritising fiscal repair, while the US is supporting economic growth. The UK, as a result, ...