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2010-20 may be a lost decade for global economy: UK economist

Press Trust of India  |  London 

Notwithstanding limited growth within the economies of Brazil, Russia, India and China (BRIC), he warned that there is potential for very poor global performance over the coming decade, a statement from the University of Cambridge's Judge Business School said.

According to Kitson, the world economy and individual countries like Britain need a high level of aggregate demand and continued investment in new technology and innovation coupled with a renewed approach to economic thinking.

"We shouldn't think that economics is a science that's fixed.

Economics likes to think of itself as a science like Physics

First Published: Mon, August 27 2012. 19:45 IST