Developed countries have always spent more than what they had. Beautiful roads, fantastic parks wonderful offices which all have added to their deficit. The economies are struggling to reduce this deficit. People are working for lesser numbers of hours there by adding more to the problem. Unemployment rate is high. The economies have saturated. Interest rates are all time low. Still people are not ready to invest because they are scared. how long will this take to recover? Only time will tell. Lets see if govt macro economic policies do their magic. Only time will tell.
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