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We need growth that creates jobs

Saturday, November 12th, 2011

Nov 11 2011
… let me emphasize another key element of a truly sustainable recovery — the social dimension. We need growth, but we need growth that produces jobs. Without jobs, the great risk is that a generation of young people becomes unmoored from the productive economy and the bonds of society. We need growth, but we need growth that is inclusive. As is borne out by recent IMF research, more equal income distribution is good for macroeconomic stability and sustainable growth.

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