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The two seemingly contradictory trends connect, because the relatively low rate of productive investment leaves European industry vulnerable to its most vigorous competitors whose firms are contending with an even more deflationary macroeconomic situation at home in China.
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22 July
25 September 2025
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the perspective I outline is very bullish on AI capabilities and very concerned about the risks which may arise by default, but also hopeful that, through foresight and vigorous action, we can mitigate the worst of these risks.
9 September 2025
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