The most frequent sentiment among readers these days is this: surely the years before 2008 were a bubble? In those giddy days, gross domestic product and other economic indicators were overshooting. So why even try to return to pre-crisis growth trends? The times of debt-driven growth are over. The more modest projected growth rates are the new normal. Get used to it and move on.
這些日子,讀者們最常表達的情緒是:2008年之前那幾年難道不是一個泡沫嗎?在那個令人眩暈的年代,國內生產毛額(GDP)和其他經濟指標都高於趨勢線。那麼我們爲什麼要費力恢復危機前的成長趨勢呢?債務驅動成長的時代已經結束。更溫和的預期經濟增速是新的常態。適應這點,然後翻過這一頁吧。
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