- Each part of the advanced regions is suffering from rather similar phenomena: sup-par growth, very low inflation, and record low interest rates.
- However, on closer inspection the main reasons behind this vary in each region; each suffers from its own version of secular stagnation.
- The U.S. has weathered this post-2008 blues the best by far, but even the U.S. isn’t immune to these problems, either self-inflicted or foreign-born.