The announcement of two important and, it turned out, depressing pieces of economic data is more evidence that advanced economies are suffering from secular stagnation, writes Richard Holden.

The announcement of two important and, it turned out, depressing pieces of economic data is more evidence that advanced economies are suffering from secular stagnation, writes Richard Holden.

OPINION: This week saw the announcement of two important and, it turned out, depressing pieces of economic data. Neither of them concerned Australia directly, but both have big implications for the Australian economy.

China’s year-on-year GDP growth for the final three months of 2015 was 6.9%. This may sound great compared to the roughly 2.5% delivered by Australia and the United States, but is in fact the lowest rate in China since its massive economic modernisation began a quarter-century ago.




Auteur: Odile Smadja
Date de Publication: 2016-1-25






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