Economic growth conditions: Discussion and debate

Economic growth is a consequence of increases in the stocks of labour and capital and the efficiency with which factors of production are used. Economists disagree on the potential to improve conditions for growth. Optimists point to the scope for policy changes in areas such as housing and energy to lift economic growth. Pessimists argue that structural headwinds mean the economy’s weak performance of the last decade-and-a-half will persist. Beyond policy, cultural factors may also play an important role in determining the economy’s growth prospects.

Economic growth conditions: Discussion and debate