IMF: higher capital costs could suffocate growth in Aus, NZ
A paper published by the IMF on 1 May assesses the impact of the global financial crisis on potential growth of Australia and New Zealand, and finds the main negative impact on growth in the medium term arises from higher costs of capital.
The recent financial crisis has sparked renewed interest in analysing potential output. The author, Yan Sun, points out that research into this area suggests that financial crises could lead to lower potential growth in the near- to medium-term, and large and
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