The economy had been growing by 4% a year, then slumped in 2008/09 and swiftly returned to 4% growth in 2010. Since then, it has hovered at around 3%, but now seems to be heading towards just 2%.
All this is captured in the most insightful single line I have ever seen: The Economist magazine’s regular chart on overall global economic growth.
The Economist.
The commentary on 13 September 2014 highlighted that:
2.6% is not to be sneezed at, but 4% would be far healthier.
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