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Governments are refusing to do the one thing that could accelerate the global economy

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Global economic growth issluggish, to say the least.

The low-growth environment the world seems to be trapped in, said Raman Srivastava, Standish Mellon Asset Management's co-deputy chief investment officer and managing director of global fixed income, a BNY Mellon investment boutique, is probably not going to change anytime soon.

There is, however, one thing that could truly kickstart the global economy: fiscal stimulus.

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