Glass Half Full or Half Empty
Moody's Talks - Inside Economics
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The Impact of Aging on Productivity Growth
The two big competing forces here are technology, sort of broadly speaking, and demographic. What we've seen historically is that technological change takes a very long time to translate into much stronger productivity growth. So if you're thinking about estimates of productivity growth, i'm more pessimistic than chris would say. I still think that might settle higher long term, yo.
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