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 on productivity, especially in Europe, economists said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Indian vote body tells X to remove Modi party video targeting Muslims, opposition
Inflation-hit Argentina has a new top banknote, worth just US$10
Trade between Singapore and Asean was at S$295.6 billion in 2023
One out of every 24 New York City residents is a millionaire
Private credit faces pain from high interest rates, Moody’s says
BOE postpones Long-Term Repo Operation due to tech issues