I would appreciate it, if anybody could help me with this. What does the last sentence mean? Especially the underlined part? Thanks a million.
Basically, it indicates that we had major imbalances build beginning in the turn of the century where the took its consumption share of GDP to an unheard of 72 percent. At the same time, under consumed, over saved and drove its growth engine by a combination of extraordinarily unprecedented powerful increases in exports and fixed investment. And I think it's fair at the G-20 to raise questions about the character equality of another growth recipe for the world, post-crisis, rather than just focus on growth itself.
Basically, it indicates that we had major imbalances build beginning in the turn of the century where the took its consumption share of GDP to an unheard of 72 percent. At the same time, under consumed, over saved and drove its growth engine by a combination of extraordinarily unprecedented powerful increases in exports and fixed investment. And I think it's fair at the G-20 to raise questions about the character equality of another growth recipe for the world, post-crisis, rather than just focus on growth itself.
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Basically, it indicates that we had major imbalances build beginning in the turn of the century where the U.S. took its consumption share of GDP to
an unheard of 72 percent .....