Hold on to your seats - the global economy is in transition

Hold on to your seats - the global economy is in transition. Developed economies are suffering from more than just a financial crisis hangover. The rise of the information economy at the expense of the industrial economy (otherwise known as 'secular stagnation') should herald an altogether better global economy. However, what developed economies are experiencing is one or more of three issues: their potential growth rate is slowing, their actual growth rate is meaningfully separated from potential and/or there has been a one-off decline in their growth potential. In CFSGAM's latest research series The Great Transition Senior Analyst James White puts forward the view that in the coming decade this stagnation may moderate as but only after a period of difficult transition, sound policy and a large amount of patience. Click here to view the research series (VIEW LINK)