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EUROPEAN AUTHORITIES ARE CREATING A “ZOMBIE ECONOMY”

... because such actions stimulate the emergence of a large number of inefficient enterprises with low 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 of the National Bureau of Economic ... ... have compiled the corresponding bankruptcy 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 of the pandemic in the amount ...

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