Back to the future: why we’re optimists in the secular stagnation debate

Saara Tuuli & Sandra Batten

Seven years after the financial crisis, global growth remains anaemic and the policy setting is nowhere near normal.  Some commentators have suggested that this reflects some kind of ‘secular stagnation’ which set in before the crisis.  This would have profound consequences for future growth and development in both wealthy and poorer countries. We are more optimistic, and see a raft of emerging technologies that could transform growth in many sectors.  In this post, we summarise the current debate and offer our views on it.

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