This paper focuses on expectations for the American economy focused on the likelihood of secular stagnation, which continued to be debated throughout the post-war period. Concerns rose during the late 1960s and early 1970s about rapid population growth smothering the potential for economic...

The global recovery is off to a stronger start than anticipated earlier but is proceeding at different speeds in the various regions (Table 1. and Figure 1). Following the deepest global downturn in recent history, economic growth returned and broadened to advanced economies in the second half...

The two-speed recovery continues. In advanced economies, activity has moderated less than expected, but growth remains subdued, unemployment is still high, and renewed stresses in the euro area periphery are contributing to downside risks. In many emerging economies, activity remains buoyant,...