The world economy faces considerable uncertainty in the short term. But, regardless of how the immediate challenges are resolved, a difficult longer-term phase is at hand, and it will be substantially less hospitable to economic growth than possibly any other period since the end of World War II.
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CAMBRIDGE – The world economy faces considerable uncertainty in the short term. Will the eurozone manage to sort out its problems and avert a breakup? Will the United States engineer a path to renewed growth? Will China find a way to reverse its economic slowdown?