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Economy: Growth unlikely until next year, or even 2015

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THERE is a 'fairly negative' outlook for the Island's economy over the next couple of years, according to one of the 'three wise men' who assess Jersey's finances.

Marian Bell, who is a member of the Fiscal Policy Panel, spoke to members of the Jersey branch of the Institute of Directors this week and said that growth was unlikely to return until next year or 2015 at the earliest.

However, Mrs Bell, who was a former member of the Bank of England's Monetary Policy Panel that sets UK interest rates, said the panel was supportive of States policies to pump money into the economy to try and boost growth.

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