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Grappling With An Inescapable Drag On Economic Growth

Monday, October 31, 2016 20:50
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by Gene D. Balas

Much has been said about the weak GDP growth in this economic recovery, but it’s not limited to just the U.S., it’s a feature in Europe and in Japan, especially, where low growth has long been entrenched. Reversing low growth has defied policy prescriptions or even massive monetary stimulus; otherwise, Japan would have been growing remarkably by now.

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