This edition begins by analyzing the current economic landscape. Since the Global Financial Crisis in 2008, many of the major global economies have experienced recession and despite the extraordinary amount of policy easing, economic growth appears stuck at 3% pa.

This edition begins by analyzing the current economic landscape. Since the Global Financial Crisis in 2008, many of the major global economies have experienced recession and despite the extraordinary amount of policy easing, economic growth appears stuck at 3% pa. In the essay for this quarter, we examine the cyclical and structural reasons behind this and why the environment of low growth, low inflation and low interest rates is likely to persist for the foreseeable future.

 

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