The
fact that the world economy has slowed down since the
financial crisis of 2008 is beyond dispute. In fact
even conservative American economists have started using
the term "secular stagnation" to describe
the current situation (though they have their own peculiar
definition for it). The purpose of the present note
is to give some growth-rate figures to establish this
particular point.
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This article was originally published in the Peoples
Democracy on October 6, 2024.
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