The Economist (September 26)
2020/ 09/ 28 by jd in Global News
“The pandemic could lead governments to prolong the life of many undeserving firms. Keeping the growth of the undead in check will be vital to the long-term economic recovery…. Marginally profitable firms were central to Japan’s “lost decade” in the 1990s…. Zombie-infested industries suffered from inert labour markets and lower productivity growth. Since then, the rich world as a whole has begun to look more zombified.”
Tags: Economic recovery, Governments, Growth, Inert, Japan, Labour markets, Lost decade, Pandemic, Productivity, Profitable, Undeserving, Zombie, Zombified
