More than five years after the 2009 economic crisis, many sectors in many economies are still in the early stages of recovery, according to the Manufacturers Alliance for Productivity and Innovation Global Outlook. "Central banks have played and continue to play pivotal roles in bringing the world economy back to its feet," said Cliff Waldman, MAPI senior economist. "Fiscal policies, with a few notable exceptions, seem generally unhelpful, constrained by a combination of outdated economics and cynical post-crisis politics." Waldman said that the U.S. economy's improvement is the best hope for pulling the world out of its economic crisis, but it still has a way to go.
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