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Economists make left-field forecasts just for exposure

Regarding the story that Andrew Lilico of Policy Exchange believes Britain is heading for a double dip recession and 10% inflation – this is just one person’s point of view and although he may be respected in the field of economics he is in the minority with respect to his prediction.

I sometimes get the feeling that some economists come out with left field predictions simply to gain exposure.

His comments that the majority of the population is not taking advantage of paying down debt shows his lack of understanding of how the economy is impacting on everyday life and people’s pockets.

The main reason is that with the fragile economy we could not sustain high interest rates in the short term.

Dan McGeehan

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