However, slow productivity growth and the legacies of the crisis, including disparities within and across countries, continue to weigh on the economy, as does uncertainty stemming mostly from external factors.
Statistics about Native population today, more than a century after the massacre at Wounded Knee, reveal the legacy of colonization, forced migration and treaty violations.
The legacy of underinvestment in technology and infrastructure, especially of the green kind, and the growing divide between the rich and the poor, requires congruence between short-run spending and a long-term vision.
Hunger and extended periods of malnutrition not only devastate families and communities in the short term, but leave a legacy with future generations which impairs livelihoods and undermines human development.
In other words, while the NPL problem was previously characterized primarily as the negative legacy from the bursting of asset price bubbles, recently it has increasingly become more a question of dealing with NPLs newly generated through structural changes in industry and individual businesses.
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