Business Description
At the same time productivity growth in the developed world has been poor since the financial crisis. This performance will be worsened because of diminished physical and human capital accumulation as a result of Sars-Cov-2. The remedies are structural reform and infrastructure investment. Yet part of the purpose of the central banks’ quantitative easing since the financial crisis was to buy time for structural reform. Very little happened. And can policymakers be trusted to use debt to finance growth enhancing investments?
