opinion/op-ed/growth-matters- but-income-levels-matter-more/ article35311246.ece
- In the intro, mention the importance of improving the demand in any economic recovery after the shocks.
- In the body, three issues can be mentioned. First, measures are focused on supply-side and not the demand side, second, the time span is medium-term for measures to work, the ineffectiveness of credit backstops in the absence of private demand.
- Conclude by mentioning the need to focus on improving income level at this juncture rather than growth numbers.