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Bernard English

Bernard English
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Friday, July 22, 2022

Here’s how to solve the productivity paradox by Ruchir Sharma SOURCE: Financial Times

"Government stimulus (both monetary and fiscal) has smashed records in the last three major crises, spiking in developed economies to more than 7 per cent of GDP in 2001, 12 per cent in 2008 and 45 per cent in 2020." 

"As government interventions grew, the cumulative hit started to overwhelm the boost from technology"

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