Faster growth in 2014?


Michael Roberts Blog

So here we are starting 2014 and heading towards seven full years since the global credit crunch began in summer 2007 and into the fifth year since the summer of 2009 when the Great Recession reached its trough and the global economic recovery began.  What I said more or less at this time last year (http://thenextrecession.wordpress.com/2012/12/31/the-world-economy-prospects-for-2013/) was: “In 2013, economic growth in the major economies is likely to be much the same as in 2012 – pretty weak and below long-term averages. But 2013 is not likely to see a return of a big slump in capitalism. I do not expect the US to grow faster than in 2012 and Europe and Japan will struggle to grow at all. The key emerging economies may do a little better than in 2012, as China’s state-directed economy under new leaders invests more. But on the whole, it will be…

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