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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
Add BT as a preferred sourcePublished Tue, May 26, 2020 · 09:50 PM
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 on productivity, especially in Europe, economists said.
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