{"id":19163,"date":"2014-08-29T21:15:20","date_gmt":"2014-08-29T19:15:20","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=19163"},"modified":"2014-08-29T21:18:39","modified_gmt":"2014-08-29T19:18:39","slug":"revving-up-stalled-economies-worldwide","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/revving-up-stalled-economies-worldwide\/","title":{"rendered":"Revving Up Stalled Economies Worldwide"},"content":{"rendered":"

Stephen A. Roach writes: The latest slowdown in developed countries is not so easily dismissed. Lacking cyclical vigor in the aftermath of severe recessions, today\u2019s economies are finding it especially difficult to shrug off the impact of shocks and break out of anemic growth trajectories. \u00a0Consider the US. Though annual GPD growth is estimated to have rebounded to 4% in the second quarter of 2014, following the 2.1% first-quarter contraction, that still leaves average growth in the first half of the year at a measly 1%.<\/span><\/p>\n

The problem is even worse in Japan, where consumers brought forward expenditures in anticipation of the sales-tax hike. The 6.1% first-quarter growth surge to which this gave rise was more than offset by a 6.8% second-quarter contraction. The net result<\/span><\/a> in the first half of this year \u2013 an average decline of 0.3% \u2013 is broadly in line with the 0.2% contraction now estimated for the fourth quarter of 2013. With the trajectory of real (inflation-adjusted) growth having moved into negative territory, on average, for three consecutive quarters, Japan may once again be reverting to recessionary form. \u00a0 \u00a0 \u00a0Stalled Economies Need Fundamental Repair<\/strong><\/a><\/span><\/p>\n

\"Is<\/a><\/p>\n

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Stephen A. Roach writes: The latest slowdown in developed countries is not so easily dismissed. Lacking cyclical vigor in the aftermath of severe recessions, today\u2019s economies are finding it especially difficult to shrug off the impact of shocks and break … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[23,13,21],"tags":[],"class_list":["post-19163","post","type-post","status-publish","format-standard","hentry","category-entrepreneurs","category-finance","category-financial-literacy"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t