Robert Cassen is Professor of Economics, London School of Economics, and editor and co-author of 21st Century India: Population, Economy, Human Development and the Environment.
With interest rates at record lows and global growth set to continue decelerating, there has rarely been a better time for governments to invest in infrastructure and other sources of long-term productivity growth. The only question is whether policymakers in Germany and elsewhere will seize the opportunity now staring them in the face.
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