Despite the positive impact of such growth in the form of less exchange-rate pass-through to inflation, the negative impacts include lower added-value for the economy as a whole. The negative effects have also slowed growth in public income on average in the post-crisis era and reduced private consumption growth to a level below that of the pre-crisis period.
To address this paradox of growth we need to ensure that the emerging added-value emanating from technological advancement does not focus on a select portion of the population.