chapter 1Searching for accelerated growth in a data-driven world
Since the beginning of the 2008–2009 financial crisis, major parts of the Western world have suffered from lower growth. Moreover, somewhat satisfactory growth on the global scene has been skewed by the hypergrowth exhibited by the BRIC (Brazil, Russia, India, and China) countries, which was well above the global average, leaving a large number of Western countries far behind with growth figures significantly below the global average. This lack of macroeconomic growth escalated further with the emergence of the COVID-19 crisis in 2020. Global GDP dropped dramatically, and the repercussions of the crisis extended well into the ensuing quarters. In general, stimulus packages involving ...
