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Ian McCafferty is implicitly assuming that trend productivity growth has been lost forever and the only element to be explained is the shortfall relative to 2007. That makes the rest of his analysis, I would argue, inherently pessimistic.
By Ben Chu | Chunomics, Eagle Eye | Wednesday, 25 June 2014 at 2:30 pm
1Club To Club Interviews (Part 5): Ninos Du Brasil
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