Stagnation
in sentence
690 examples of Stagnation in a sentence
Before Japan fell into stagnation, it had reached advanced-economy status, with a per capita GDP of $26,000 (in purchasing-power-parity terms) in 1990 – only slightly below the US level of $31,000.
The possibility of higher import prices and potential spillover effects on underlying inflation would hit middle-class US workers, who have faced more than three decades of real wage stagnation, especially hard.
The consequence would be reduced growth, owing to a misallocation of scarce capital, and economic
stagnation
in the core areas.
The embargo drove up prices and unleashed a period of inflation and
stagnation
worldwide.
Yet, beyond military expenditures, Russia is also incurring the costs of lost trade and investment, as well as escalating sanctions, which are more than enough to condemn the country to
stagnation
for as long as its wars last.
Summers’ theory of “secular stagnation” (a term first used by the economist Alvin Hansen back in 1938) holds that, in the United States, the desire to save chronically outweighs the desire to spend on growth-enhancing investments.
In short, the secular
stagnation
that Summers has predicted, with low interest rates being necessary to offset low returns on investment, could well be caused by the slowdown in productivity-enhancing technological change that Gordon highlights.
Economic contraction, or even stagnation, is not a solution for the developed countries, either, for a similar reason: it would imply that we either accept existing inequalities or impose a regime aiming at an equal redistribution of resources.
Today, many blame today's alarming economic conditions in the world's industrial core--more than a decade of
stagnation
in Japan, deflation there and in Germany, recession in Germany--on other bad decisions.
Viewed in these terms, austerity has been an utter and unmitigated disaster, which has become increasingly apparent as European Union economies once again face stagnation, if not a triple-dip recession, with unemployment persisting at record highs and per capita real (inflation-adjusted) GDP in many countries remaining below pre-recession levels.
Facing Down Secular
Stagnation
in ChinaHONG KONG – Secular
stagnation
is looming worldwide, and China is no exception.
And, with policy uncertainty and market volatility driving Chinese businesses to sit on, rather than invest, large cash balances, the pressure of secular
stagnation
is growing more severe.
That is why it is so important that China’s leaders not only promote domestic consumption to offset
stagnation
elsewhere, but also ensure that state and market forces work reliably in concert.
Nothing comes easy in this world: if the Union cannot manage a multicultural society in Europe, then it ought to prepare itself for permanent
stagnation.
After a couple of centuries of relative stagnation, these two countries, containing nearly two-fifths of the world’s population, have experienced remarkably rapid income growth in the last three decades.
Indeed, there is a looming risk of secular
stagnation
in many advanced economies, owing to the adverse effect on productivity growth of years of underinvestment in human and physical capital.
Today, good conditions exist for calm and unbiased examination of Russia’s past, from the Revolution of 1917 to the days of
stagnation
under Brezhnev.
Over the past two years, academics, regulators, economists, and financial institutions have all linked the secular
stagnation
in demand with greater income inequality.
These are essential human rights, and they can be realized only through economic growth, not
stagnation.
But that continuity is more reminiscent of the zastoi, or stagnation, of the Brezhnev era.
Even so, the fact remains that the MENA countries were experiencing improvements in relative prosperity, not economic downturns or
stagnation.
A Better Bailout Was PossibleNEW YORK – The recent exchange between Joe Stiglitz and Larry Summers about “secular stagnation” and its relation to the tepid economic recovery after the 2008-2009 financial crisis is an important one.
We believe a critical opportunity was missed when the balance of the burden of adjustment was tilted heavily in favor of creditors relative to debtors in the response to the crisis and that this contributed to the prolonged
stagnation
that followed the crisis.
Harvard’s Lawrence H. Summers got a lot of attention for his argument that the world risked sliding toward “secular stagnation,” because the interest rate needed to bring desired investment in line with desired savings was below zero.
The result was that for most of the first five decades after independence, India, despite the best of intentions, pursued an economic policy of subsidizing unproductivity, regulating stagnation, and redistributing poverty.
That may have spurred growth for a while, but when the bubbles burst, the financial system’s huge debts helped push the economy into a bout of deflation and
stagnation
from which it has still not fully emerged.
After all, in 2040, many emerging markets – those that have managed to avoid
stagnation
or collapse by addressing effectively the considerable challenges currently facing them – will have “emerged.”
Yet the medium-term scenario is unlikely to be global
stagnation.
The second explanation was that the slow recovery was part of a longer-term trend, attributable to secular
stagnation
or a dearth of important technological innovations.
After the collapse of Lehman Brothers in 2008, oil prices plummeted in anticipation of economic stagnation, only to recover substantially as vigorous growth continued in emerging markets.
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