mileslunn
Junior Chimp
Posts: 5,820
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« on: April 01, 2021, 11:40:38 PM » |
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No for two reasons:
1. Have a much older population so with more retiring and shrinking work force, that kind of growth is just not feasible. Growth above 3% for any sustained period of time is unrealistic in most developed countries.
2. That was before central banks so if inflation gets that high, central banks will raise interest rates which will dampen growth. And with amount of debt taken on, could even lead to a debt crisis like Greece had last decade in many countries so exact opposite.
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