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The stuck economy

With interest rates at zero, what else can central banks do?

In the decade before the financial crisis, world economic growth was 4.2 per cent. In the aftermath it declined to 3.2 per cent and a recent International Monetary Fund analysis predicted that it will stay stuck at this lower pace. In the short-term, prospects are improving in developed economies, but these positive signs are offset by a slowdown in emerging markets.

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About Prospect Magazine

In Prospect’s July issue: In her final issue as Editor Bronwen Maddox explores the legacy of former Prime Minister Tony Blair having spoken with him at a Prospect event on 24th May. She examines his domestic policy, the lessons from Iraq and Afghanistan and what the future holds for the Labour Party. The Chancellor George Osborne lays down his view on why the public should to “Remain” in the EU, and Ian Hargreaves takes a close look at what is happening at the BBC. Also in this issue: Former Conservative leader David Davis suggests he can see a very narrow set of circumstances that might push him towards running for the party leadership again, William Skidelsky writes about why tennis is the best sport and Vanora Bennett looks at Svetlana Alexievich’s extraordinary work recording Russia’s lost voices.
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