-
Demand Troubles Risk Cementing a Decade of Anemic Global Growth
Failure of the world’s largest economies to fix their underlying demand problems—despite record central-bank injections—is setting the stage for weak global growth for years to come. That is a key message in the International Monetary Fund’s latest report detailing distortions in the global economy caused by too much saving in some countries and not enough demand in others. In particular, if countries such as Germany and China don’t act to boost domestic demand, the IMF is worried they could cement a decade of anemic global growth. “There’s been little progress lately in reducing imbalances,” said the ... (full story)