5 Minutes for Business: The End of Growth
In this edition of 5 Minutes for Business brought to you by the Canadian Chamber, Hendrik Brakel, our Senior Director, Economic, Financial and Tax Policy, looks at the “low-growth” economic trap that spans across the globe. Rich countries just aren’t growing fast enough. From jobs and wages to pension returns and tax revenue, we expect 3% annual growth, and we’re not getting it.
So what’s the problem and what should we do about it? Should we concentrate on reducing deficits or focus on stimulus spending? Is the priority productivity, infrastructure or investment? How important are Pokémon in the equation?