观点世界manbetx20客户端下载

Whatever happened to secular stagnation?
“长期停滞论”过时了?


戴维斯:过去一年,manbetx app苹果 再通胀取代长期停滞,成为市场主题,但认为世界manbetx20客户端下载 已彻底摆脱长期停滞就过于乐观了。

A year ago, Lawrence Summers’ perceptive warnings about the possibility of secular stagnation in the world economy were dominating global markets. China, Japan and the Eurozone were in deflation, and the US was being dragged into the mess by the rising dollar. Global recession risks were elevated, and commodity prices continued to fall. Fixed investment had slumped. Productivity growth and demographic growth looked to be increasingly anemic everywhere.

一年前,劳伦斯•萨默斯(Lawrence Summers)有关世界manbetx20客户端下载 可能陷入长期停滞的有洞察力的警告主导着manbetx app苹果 市场。那时,manbetx3.0 、日本和欧元区都处于通缩状态,而美元升值把美国也拖入这个乱局。manbetx app苹果 manbetx20客户端下载 衰退风险升高了,大宗商品价格持续下跌。固定投资大幅减少。在manbetx app苹果 各地,生产率增长和人口增长似乎越来越疲弱。

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