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Economy

How To Exit Our Economic Era Of Slow Growth

Will slow growth rates persist in a global dynamic of 'secular stagnation?' Or will the IT revolution set off new bursts of productivity?

Workers assemble cars at a BMW factory in Germany. Some believe that technological progress has stagnated.
Workers assemble cars at a BMW factory in Germany. Some believe that technological progress has stagnated.
Jean-Marc Vittori

-Analysis-

PARIS — Has painfully slow economic growth become our fate? A decade after the financial meltdown of 2007-2008, this question hangs over us, even after momentarily fading amid last year's global recovery. But now, the list of concerns is again expanding: Brexit, the Italian budget, monetary tightening in the United States, President Trump's protectionism, financial slides in Turkey and Argentina, German political fragmentation, the Saudis drifting off course, rising radicalism in Brazil and inconsistent economic performance in China.

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In The News

War In Ukraine, Day 126: Russia Watching NATO, As Path Cleared For Finland And Sweden To Join

As NATO leaders meet in Madrid, Finland and Sweden look much closer to joining the alliance after Turkey dropped its objections to their membership. It's yet another momentous change underway since Russia's invasion of Ukraine.

International leaders after having their photograph taken before the start of the NATO 2022

Anna Akage, Shaun Lavelle, and Emma Albright

A high-stakes NATO summit has kicked off in Madrid, as leaders of the world’s largest defense alliance discuss the war in Ukraine and key decisions that will shape the organization’s future direction. NATO Secretary-GeneralJens Stoltenberg said the Russian invasion of its neighbor had prompted a fundamental shift in its approach to defense.

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Finland and Sweden look much closer to joining the alliance after Turkey dropped its objections to their membership. The three countries released a joint memorandum that “extend[ed] their full support against threats to each other's security," FinnishPresident Sauli Niinistö said.

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Central to the tragic absurdity of this war is the question of language. Vladimir Putin has repeated that protecting ethnic Russians and the Russian-speaking populations of Ukraine was a driving motivation for his invasion.

Yet one month on, a quick look at the map shows that many of the worst-hit cities are those where Russian is the predominant language: Kharkiv, Odesa, Kherson.

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