Putin was right Kenya learning the hardway now….
https://www.rt.com/russia/520258-putin-major-address-future/
At a meeting of the World Economic Forum in January, Putin warned that the coronavirus pandemic was driving countries to borrow beyond their means and driving up inequality. Increasing the debt burden, he said, was an outdated way of stimulating growth. “If 20 or 30 years ago the problem could be solved by means of stimulating macro-economic policy, today these mechanisms have reached their limits,” the president said.
“Over the past 30 years, real incomes of people living in most of the developed countries have stagnated while the cost of education and health services has increased. Millions of people, even in rich countries, no longer see the prospect of boosting their incomes,” Putin added.
Topic: Putin On Borrowing To Stimulate Economy (Read 7280 times)