Brad DeLong has a contrarian take on the recoveries in the Group of Seven countries: "Bearing in...

|By:, SA News Editor

Brad DeLong has a contrarian take on the recoveries in the Group of Seven countries: "Bearing in mind that the U.S. has - or ought to have - a growing population, its trend growth rate ought to be about 1%/year faster than Europe… Correcting for and relative to (what ought to be) the long-term trend, the U.S. cyclical performance is down with the U.K. and Italy.”