As the speaker for yesterday’s Davos British business leaders’ lunch, Boris Johnson had the audience in his hand in his usual colourful way. I grabbed his very new Chief Economic Adviser, Dr Gerard Lyons, former Chief Economist at Standard Chartered, on the way out.
How did he think we are doing economically? He told me the last big economic gathering was the IMF last October in Tokyo. There, he said, the mood about the global economy was pessimistic, but now, three months later, the mood had improved, if only slightly. There was more confidence about China and the US but still a lot of caution about Europe. Many continental economies, he said, are focusing less on the Europe debate that David Cameron seems to want to get going and more on the need to get their own economies out of recession.
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