An excellent article in the Economist compares Britain's economic position to that of her peers. The conclusion:
But just as there was too much optimism during the good times, so there can be too much pessimism in the bad times.... Provided sound policies are pursued, above all credible plans to restore the public finances once a sustainable recovery has started, there is a way out of the mess. And, given the vigour with which monetary and fiscal policy has been eased, that recovery might just come sooner to Britain than to countries that look more resilient now.
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