The performance of the world economy has been disappointing to say the least. After the Great Moderation came the Great Recession, but since 2009 the world has been suffering from a Great Suppression (GS). In Japan, growth is being suppressed by a liquidity trap with interest rates firmly at the zero bound. In the Eurozone, high debts and private sector deleveraging are … [Read more...] about The Great Suppression: What should LAC Expect in the New Year?
