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Global Economic Slowdown

Closing Developing Countries' Capital Drain

Joseph E. Stiglitz | Posted 02.19.2016 | World
Joseph E. Stiglitz

Developing countries are bracing for a major slowdown this year. According to a UN report, their growth averaged only 3.8 percent in 2015 -- the lowest rate since the global financial crisis in 2009 and matched in this century only by the recessionary year of 2001. And what is important to bear in mind is that the slowdown in China and the deep recessions in the Russian Federation and Brazil only explain part of the broad falloff in growth.

Five Reasons for the Slow Growth of the Global Economy

Michael Spence | Posted 03.07.2015 | World
Michael Spence

The same forces that are dramatically increasing the world economy's productive potential are largely responsible for the adverse trends in income distribution. Digital technology and capital have eliminated middle-income jobs or moved them offshore, generating an excess supply of labor that has contributed to income stagnation precisely in that range. A more muscular response will require an awareness of the nature of the challenge and a willingness to meet it by investing heavily in key areas -- particularly education, health care and infrastructure.

IMF Warns: Global Economic Slowdown Getting Worse

Reuters | Posted 12.07.2012 | Business

By Emily Kaiser and Lesley Wroughton TOKYO, Oct 9 (Reuters) - The IMF said the global economic slowdown is worsening as it cut its gro...

Synchronized Sinking

The Huffington Post | Mark Gongloff | Posted 05.25.2012 | Business

Thing One: Synchronized Sinking: Sometimes togetherness is not such a good thing. A bunch of downbeat economic data on Thursday all at once caused ...

Bonnie Kavoussi

THE LONG PLATEAU: Economists Say U.S. Growth Unlikely To Return To Pre-Recession Levels | Bonnie Kavoussi | Posted 11.17.2011 | Business

NEW YORK -- High unemployment and slow growth may be the new normal for the U.S. economy, according to leading experts at the Conference Board, a glob...

Global Economy Shrugs At Massive OPEC, Fed Cuts

Reuters | Mary Milliken | Posted 05.25.2011 | Business

The global economic slowdown trumped even the biggest OPEC output cut ever on Wednesday as the measure aimed at boosting oil prices instead deepened t...