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There are recoveries, and then there are recoveries

If business and consumers are cautious and innovation is subdued, the postpandemic recovery could look similar to the sluggish decade after the global financial crisis. But if businesses invest, consumers buy, and innovation sizzles, a fast economic renewal more akin to the postwar years could be at hand.

Could productivity growth accelerate after the COVID-19 crisis?
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To read the report, see “Will productivity and growth return after the COVID-19 crisis?,” March 30, 2021.