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) the real effects would be painful: reduced disposable income and higher labor costs would result in lower consumption … to higher export growth, GDP and consumption) appear slowly, but after the second year their size would be apprehensible … budgetary impact, while its negative demand effect would also undo the positive effects on GDP and consumption. To summarize …
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) the real effects would be painful: reduced disposable income and higher labor costs would result in lower consumption … to higher export growth, GDP and consumption) appear slowly, but after the second year their size would be apprehensible … budgetary impact, while its negative demand effect would also undo the positive effects on GDP and consumption. To summarize …
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