New Normal, Slow Growth, Expectations Gap

A New ‘New Normal’ In Demography And Economic Growth - JOI Articles: "The danger is not in the slower growth. Slow growth is not a bad thing; it's still growth. The danger is in an expectations gap, in which slower growth is believed to be unacceptable. If we expect our policy elite to deliver implausible growth, in an environment in which a demographic tail wind has become a demographic head wind, if we resist the necessary policy changes that can moderate these head winds, we risk magnifying their impact." (read more at link above)

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