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Weak fiscal performance reflects a wide range of fiscal structural problems resulting in poor control of expenditure. Other chapters in this edition look at the effects of population ageing and slowing total factor productivity growth on GDP, inflation and interest rates; and the drivers of total factor productivity growth. Health care spending has been rising faster than national income throughout the EU for decades and is projected to continue doing so as a result of population ageing.
Publisher: Pfeiffer; 1 edition (February 7, 2001)
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