This implies that the pre-crisis level of GDP simply was not sustainable, as it required capital inflows in excess of 20% of GDP to finance outsize consumption and construction booms.
In pratica, il livello pre-crisi del Pil non era sostenibile, poiché richiedeva afflussi di capitale superiori al 20% del Pil per finanziare un consumo fuori misura e vari boom edilizi.