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EUROPEAN AUTHORITIES ARE CREATING A “ZOMBIE ECONOMY”

... productivity. According to statistics for 2020, the number of bankruptcies in France and the UK fell by 40%. The average figures for the European Union as a whole were 25%. Researchers... ... tank Rexecode reports that about 10% of companies in the country have been saved from bankruptcy solely by government funds. Jeffrey Franks, the head of the IMF mission in... ... index, this trend will continue in 2021. At the same time, newly elected President Biden offered to provide additional assistance to American companies to combat the consequences...

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