Otherwise, the country in question would not be able to stop the increasing backlog regarding GDP per capita compared to the European Union or even reduce it. I am aware that such policies are not always popular, but as the Portuguese professor of finance, Pedro Santa-Clara was recently quoted as saying in the Financial Times, “Growth is a painful business”.
The Investment Bust of 2000-02 In the second half of 2000, business fixed investment began to decline markedly; between the third quarter of 2000 and the third quarter of last year, the level of real investment outlays declined 12 percent. The drop in investment in computer and communications equipment was particularly sharp.