Trends of the International Financial Market and Prospects of Global Economy

Author
Allen Sinai
Date
1995-10-19
Views
6149
Trend of the International Financial Market and Prospects of Global Economy

 

- Speaker: Allen Sinai, Chief Economist, Lehman Brothers

- Date: October 19, 1995.

 

"A lot of the weak productivity growth in the 1970s and 1980s came from the disruption of rising oil prices in the 1970s and what that did to production, not just in the US but around the world. So the first structural change I would underscore and point to is productivity growth in the US. Higher productivity growth than historical trend has other implications. It raises questions about what really is the potential rate of growth of the US economy. Is it really 2.5%, or higher?...”
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