Relaciones Internacionales – Comunicación Internacional

The world economy in 2015

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Chronic economic and political ills defy easy cure

What sort of world are we now living in? The right answer is one characterised by chronic economic and political ailments. Here then are six enduring conditions of the “new  normal”.

First, deficient demand. The idea behind “secular stagnation” is that, without rapid asset-price inflation or exceptionally aggressive monetary policy, it has proved impossible to generate enough demand to absorb potential global supply.


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