An L-Shaped Recovery Is Not an Anomaly, It Is the Norm | Daniel Lacalle

First published at 18:16 UTC on June 3rd, 2020.
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The massive bailout of indebted sectors that already had overcapacity and were in process of obsolescence may also drive the largest wave of malinvestment in decades. If the previous recoveries came with poor wage and capital expenditure growth and …

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CategoryNews & Politics
SensitivityNormal - Content that is suitable for ages 16 and over
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