www.bloomberg.com
In a recent speech, Bank of England Governor Andrew Bailey warned that the rise of populism is complicating global efforts to address persistent economic challenges. He argued that populist policies are not a viable solution to issues like weak economic growth and stagnating living standards. Instead, Bailey emphasized the need for traditional, evidence-based economic measures and international cooperation to foster sustainable prosperity, cautioning that short-term populist rhetoric often undermines long-term economic stability.
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