Our recovery is miles behind America – Osborne isn’t working, Obama is

The UK’s growth forecast was downgraded by the OECD this morning. That’s not particularly surprising – our growth forecasts only seem to go one way – but compared to how the US is performing post financial crisis, the forecasts are stark. Let’s first take a look at the difference in OECD growth forecasts:

That’s the difference between a US economy which had a substantial stimulus, and a UK economy which has leaped headlong into austerity. The impact on unemployment is even more pronounced:

Osborne isn’t working. Obama is.