Structural Reforms needed to Grow Faster

The outlook for 2014 is dampened by longer-term constraints as well. Indeed, there is a looming risk of secular stagnation in many advanced economies, owing to the adverse effect on productivity growth of years of under-investment in human and physical capital.

And the structural reforms that these economies need to boost their potential growth will be implemented too slowly.



 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics