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The stuck economy

With interest rates at zero, what else can central banks do?

By Kate Barker   July 2016

Governor of the Bank of England Mark Carney. Central Banks "are not quite out of bullets" argues Kate Barker ©DYLAN MARTINEZ/WPA Rota/Press Association Images

In the decade before the financial crisis, world economic growth was 4.2 per cent. In the aftermath it declined to 3.2 per cent and a recent International Monetary Fund analysis predicted that it will stay stuck at this lower pace. In the…

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