Getting Past Slow Growth
Despite the doom and gloom that dominates most economic debate today, it is likely that continued rapid increases in prosperity are possible. But only ambitious social and economic reforms that focus on improving inclusiveness, together with global cooperation, can make it happen.
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WASHINGTON, DC – Most economists nowadays are pessimistic about the world economy’s growth prospects. The World Bank has, yet again, downgraded its medium-term projections, and economists the world over are warning that we are facing a “new normal” of slower growth. Where there is less consensus – or so it seems – is in accounting for this weakness.