Jersey growth 'at 70s level'

The public and private sectors will have to work together to ensure Jersey's continued economic expansion, says Andrew McLauglin, chief economist at the Royal Bank of Scotland. Speaking at last month's Chamber of Commerce Meeting in Jersey, McLauglin said the current debt fuelled expansion of Jersey's high-cost economy could only be sustained for another two years, before it would have to increase its output through greater investment in infrastructure and IT platforms. He said: "Globalisation has intensified competition in the offshore market and a focus on output for an economy with hi...