Analysts Fear British Economy Could Echo Japan's 'Lost Decade'Breaking News
The parallels are eerie: Like Japan, Britain enjoyed more than a decade of booming growth, fueled by aggressive bank lending and real estate investments. Haunted by the comparison, policy makers here have been extra aggressive in using fiscal and monetary levers in hopes of preventing the type of sustained period of stagnation and banking stasis that plagued Japan for so many years.
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