The Easy Days of Lazy Growth are Behind Us
During my entire life (which commenced in 1959), I have only ever known economic growth. Since the early 1960s, world economic growth has averaged 3.8% per annum. Those fortunate enough to be living in the developed world have enjoyed the lion’s share of the world’s economic bounty. However, will the generations coming after us boomers be able to say they’ve had a lifetime of continuous growth in the decades to come? Read on…