Economic security

UK: Are Western Economies Running Out Of Steam?

The West's economic recovery has come with two major caveats. Activity has picked up, but it is running below the levels that were the norm before the Great Recession. Meanwhile, in a sign of mounting pessimism about the growth potential of the Western world, economists are cutting their forecasts for long term growth. Some economists think growth in the Western world actually started to slow at the turn of the century and that the financial crisis accelerated this process.