Continuing joblessness, years of weak investment and higher public-debt burdens, in turn, will dent economies’ underlying potential. Although there is no sign that the world economy will return to its trend rate of growth any time soon, it is already clear that this speed limit will be lower than before the crisis hit.
Time for a new WPA, preferably working on transportation and green energy infrastructure.
very wise thinking!
Or…”don’t mourn, organize”?