Still, despite giving President Obama credit for helping steer the country
out of the
recession, economists say he still faces an uphill
battle to burnish his
economic legacy before he leaves office in early 2017.
By June 2011, as the UK economy headed for
recession, Balls had largely set aside the issue
of Labour's
economic legacy and was locked in
battle with George Osborne over how to lift the economy
out of a deepening slump.