Certainly, 9 percent unemployment and very slow growth is not a good situation.
Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.
The Keynesian belief that 'demand' is always at the root of underemployment and slow growth is a fallacy.
I always kind of dreamed locally - I never really ever dream that I would be south of the border; I dreamed about being a theatre star in Toronto, and maybe I'd do Stratford and regional stuff. I always thought it would be a slow growth.
True friendship is a plant of slow growth, and must undergo and withstand the shocks of adversity, before it is entitled to the appellation.
Friendship is a plant of slow growth and must undergo and withstand the shocks of adversity before it is entitled to the appellation.
If developed countries' citizens want to feel slightly better about their economies' slow growth and high unemployment, they should contemplate how much worse matters could be without the institutions that they have.
In emerging markets, slow growth in the advanced economies has shut down a traditional development path: export-led growth. As a result, emerging markets have had to rely once again on domestic demand. This is always a difficult task, given the temptation to over-stimulate.
There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. That's a beautiful deleveraging.
Small, slow growth is the best I expect from an investment. I'm a real saver: frugal - like my parents.
