It’s beyond time to go for growth
Editorial
The Economist
The rich world is in a slump, says The Economist. The long-run rate of growth has “dwindled alarmingly”, leading to stagnant living standards. Between 1980 and 2000, GDP per person grew at an annual rate of 2.25% on average. Since then the pace of growth has sunk to about 1.1%. The reasons are manifold. The skills of the labour force have stopped improving as fast. Ever more workers are retiring. Women’s participation in the labour force
