More growth worries should hip us to the truth, Stephen Roach says - that we are seeing a failed...

|By:, SA News Editor

More growth worries should hip us to the truth, Stephen Roach says - that we are seeing a failed global recovery. The IMF thinks global GDP will rise 4.3% this year, and if that's maintained, it'll still be below trend-line for eight years in a row, through 2015. Maybe Reinhart and Rogoff are right: This time really is different.