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World

America is entering a golden age of democratic capitalism

28 November 2022

7:22 PM

28 November 2022

7:22 PM

America could be entering the ‘Great Stagflation’, defined by economist Noriel Roubini as ‘an era of high inflation, low growth, high debt and the potential for severe recessions’. Certainly, weak growth numbers, declining rates of labour participation and productivity rates falling at the fastest rate in a half century are not harbingers of happy times.

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