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UK falls to bottom of G7 growth league – business live – The Guardian

Even a sustained period of negative real interest rates has failed to drag inflation above 1%, the lowest level since 2016. With Germany on the brink of recession, the question on everyone’s mind is whether the country will drop its adherence to Swartz Null, a balanced budget, and use Government spending, fiscal policy to support growth and hence ultimately higher inflation.

As the UK’s political turmoil and the US/ China trade wars continue to loom over the global economy, Germany will have to embrace others tools of growth to support what Draghi is doing on the monetary side.”

UK falls to bottom of G7 growth league – business live – The Guardian

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