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> That's why you see decline in growth in high developed countries in Europe and USA. US GDP growth looks about the same since the '80s, with variability due t
by euyyn 10y ago
> That's why you see decline in growth in high developed countries in Europe and USA.
US GDP growth looks about the same since the '80s, with variability due to puntual recessions:
http://www.tradingeconomics.com/united-states/gdp-growth http://www.tradingeconomics.com/united-states/gdp-growth
Same in the EU since the '90s (where the data starts): http://www.tradingeconomics.com/european-union/gdp-annual-growth-rate http://www.tradingeconomics.com/european-union/gdp-annual-gr...
- toomuchtodo 10y agoBased on the last half decade, growth in almost all first world countries is expected to be the lowest in industrialized history. You can't fight demographics (See: Japan). Political parties are just fighting over how we distribute a pie that keeps getting smaller. EDIT: http://www.forbes.com/sites/timworstall/2016/10/12/the-new-normal-us-economic-growth-stuck-at-1-5-1-75-of-gdp/#50e04720122c http://www.forbes.com/sites/timworstall/2016/10/12/the-new-n... http://fortune.com/2016/02/02/end-of-growth/ http://fortune.com/2016/02/02/end-of-growth/
- euyyn 10y agoRe your edits: The first one asserts my point instead of yours (steady year-to-year growth). And the second one is the review of a book, whose author predicts what you claim but for a completely different reason (no more great technological leaps, nothing to do with demographics, globalization, or China).
- euyyn 10y agoWhere's that prediction? Is it from a reputable source? Also, GDP growth means the pie keeps getting bigger, even if it's slower.