Hard Truths About Global Growth
The world’s high-income countries are in economic trouble, mostly related to growth and employment, and now their distress is spilling over to developing economies. And, unfortunately, the likely policy responses are inappropriate to the factors underlying today’s problems.
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NEW YORK – The world’s high-income countries are in economic trouble, mostly related to growth and employment, and now their distress is spilling over to developing economies. What factors underlie today’s problems, and how appropriate are the likely policy responses?