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Why I am now optimistic that economies can break out of a rut

For the first time in two decades, the potential for a step up in western growth is real and promising

The writer is president of Queens’ College, Cambridge, and an adviser to Allianz and Gramercy

For the first time in two decades, I am optimistic that the economies of the advanced countries can decisively break out of a low-growth rut.

For too long, insufficient growth has undermined economic wellbeing, structurally weakened increasingly fragile public finances, worsened inequality and made it more difficult to address global threats to lives and livelihoods such as climate change and pandemics.

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