Long-term GDP Growth And Middle-Income Trap

Secular stagnation and declining long-term growth ratesAfter the global financial crisis of 2008, the growth rate of advanced economies has been increased slightly, since 2012.  However, they remain unable to achieve the pre-crisis growth levels as before and enhancing economies have still faced a lower rate of growth (Antolin-Diaz, Drechsel and Petrella 2017). In this context, a debate has occurred that whether this slowdown of world eco…