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US, Europe to fall behind Asia if stagflation grips the West

Bailouts of Western banks, inadequate investment in plants and equipment in Europe have hit productivity

London

ASIAN economies are likely to outperform US and European nations if stagflation takes hold in the West.

The bailouts of Western banks, zombie companies and inadequate direct investment in plants and equipment - even before the Covid-19 pandemic - have had a negative impact...

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