The global stimulus drive has failed - so what now?

Big stimulus programs around the world mitigated the severity of a global recession, but the enormous reduction in corporate costs and the globalisation of labour mean there hasn't been a corresponding rise in consumer spending.

Why has the biggest coordinated set of stimulus packages the world has ever seen failed to drive a strong economic upturn?

Before we look at the causes, let’s document what happened.

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Robert Gottliebsen

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