Stagnation
in sentence
690 examples of Stagnation in a sentence
According to this analogy (which does not imply that Europe is a Tour de France) integration is an ever-moving process that always demands new stimuli, otherwise the forces of
stagnation
and disintegration will gain the upper hand.
This trend puts annual GDP growth on course to average only 1.3% through 2025, implying a third consecutive decade of
stagnation.
This has left people everywhere, rich and poor alike, struggling to cope with problems – from failed states to failed banks, from over-fishing to under-employment, from climate change to economic
stagnation
– to which globalization has contributed but cannot address effectively.
The most obvious scenario would be for the global economy to grow rapidly enough to rescue Europe from
stagnation.
Yet, even with large deficits, economic growth in the US and Europe is anemic, and forecasts of private-sector growth suggest that in the absence of continued government support, there is risk of continued
stagnation
– of growth too weak to return unemployment to normal levels anytime soon.
Indeed, the economists Ronald McKinnon and Kenichi Ohno have singled out US pressure for yen appreciation as a key source of the Japanese economy’s long-term deflation and
stagnation
– the so-called “lost decade” of economic malaise that is now well into its second.
The
stagnation
of incomes in the bottom 75% of the distribution presents an especially large challenge, because it depresses consumption, undermines social cohesion (and thus political stability and effectiveness), and decreases intergenerational mobility – especially where public education is poor.
Digital technology and capital have eliminated middle-income jobs or moved them offshore, generating an excess supply of labor that has contributed to income
stagnation
precisely in that range.
Dawn, daybreak, "sunrise nations" and similar metaphors are popular these days, while sunset, quiet pause, nightfall, evoke stagnation, decline, disintegration or nothingness.
Such reforms turned these countries from
stagnation
to stellar growth.
Indeed, the country could be facing catastrophe, as Hollande’s actions risk miring the economy into sustained
stagnation
and driving an increasingly angry French public to elect the far-right National Front party’s Marine Le Pen as his successor.
Latin America’s dysfunctional democracy is the result of a pattern of political and economic behavior that condemns Latin America to stagnation, independently of who governs.
Setting the Record Straight on Secular StagnationCAMBRIDGE – Joseph Stiglitz recently dismissed the relevance of secular
stagnation
to the American economy, and in the process attacked (without naming me) my work in the administrations of Presidents Bill Clinton and Barack Obama.
Stiglitz echoes conservatives like John Taylor in suggesting that secular
stagnation
was a fatalistic doctrine invented to provide an excuse for poor economic performance during the Obama years.
The theory of secular stagnation, as advanced by Alvin Hansen and echoed by me, holds that, left to its own devices, the private economy may not find its way back to full employment following a sharp contraction, which makes public policy essential.
In all of my accounts of secular stagnation, I stressed that it was an argument not for any kind of fatalism, but rather for policies to promote demand, especially through fiscal expansion.
Unrelated to the topic of secular stagnation, Stiglitz takes a swipe at me by saying that Obama turned to “the same individuals bearing culpability for the under-regulation of the economy in its pre-crisis days” and expected them “to fix what they had helped break.”
Even if we disagree about past political judgements and about the use of the term “secular stagnation,” I am glad that an eminent theorist like Stiglitz agrees with what I intended to emphasize in resurrecting that theory: We cannot rely on interest-rate policies to ensure full employment.
In the long term, Sino-Russian relations will depend largely on whether Russia overcomes its current
stagnation
and, among other steps, starts to develop the vast water and other resources of the Trans-Baikal region.
During periods of recession or stagnation, additional interest payments by banks would burden the economy, whereas public debt may enable the economy to reach full employment.
In all likelihood, therefore, Europe will not be playing the Italian card; instead, it will face substantial difficulties in freeing itself from its current
stagnation.
After its banking crisis of 1987-1989, Japan experienced two decades of
stagnation
and deflation with skyrocketing government debt.
The renowned American economist Mancur Olson argued that
stagnation
in developed economies results from cartels and lobbies becoming more numerous and powerful over time, until they eventually drain a country’s economic dynamism.
In short, as the Nobel laureate Angus Deaton has acknowledged, by creating new opportunities for a certain group of millions of people, while subjecting an enormous number of people to wage stagnation, unemployment, and economic precarity, globalization and technological innovation have helped to widen the gap between the haves and have-nots.
In the days that followed, tens of thousands gathered in downtown Tunis to celebrate their deliverance from years of
stagnation
and uncertainty, caused by Bourguiba’s worsening senility.
The third turning point in this sequence is technological: national estimates of cereal crop productivity show how, after decades of
stagnation
during the Asian green revolution, African yields have grown steadily over the past decade, so that estimated cereal grain output per capita now equals that of South Asia.
But
stagnation
in the advanced countries is not inevitable – though avoiding it does require overcoming a daunting set of challenges.
Japan has adhered to the monetary doctrine advocated by Germany, and it has experienced 25 years of stagnation, despite engaging in occasional fiscal stimulus.
And, while Japan is a country with a long, unified history, and thus could survive a quarter-century of stagnation, the European Union is an incomplete association of sovereign states that is unlikely to withstand a similar experience.
There are indications that Germany is finally emerging from years of economic stagnation, not least thanks to the reforms started under Schroeder.
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