The principal high-income economies – the US, the eurozone, Japan and the UK – have been suffering from “chronic demand deficiency syndrome”. More precisely, their private sectors have failed to spend enough to bring output close to its potential

Source: www.ft.com

"It is not enough to clean up after the debt boom has collapsed. Policy makers also have to eliminate the dependence of demand on unsustainable credit."

See on Scoop.it – Public-Private Duality, Economic Crisis, and New Financial Trends