THEworld economy runs the risk of encountering a "secular stagnation“. To say it is the Study Center of Confindustria, which highlights the slowdown in global growth, which has led to a further decrease in estimates for global GDP, expected to increase by 3,2% in 2015 and 3,6% in 2016, against an average pre-crisis growth of 5,1% per year.
For the Confindustria Study Center, the way to overcome the crisis is mainly to launch policies that serve to relaunch demand and encourage R&D spending, as well as structural reforms that focus on manufacturing. In any case, to reach the potential development rate, advanced countries will need a mix of public interventions to boost growth.
