Edmund Phelps, winner of the 2006 Nobel prize for economics for his work on savings and labour markets, argues that the structural explanation for Europe's slower growth rates masks deeper problems with dynamism.
ECONOMIST: Why can't Europe's economies catch up with America?
Our advice for FMCG multinationals who want to identify their most promising growth opportunities: Look much deeper.
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Of course with so many European economies dependent on government spending for growth, these budget cuts will lead to deeper economic contraction, more job losses, higher unemployment, and lower tax revenues.
Mr. Gingrich argued his plan would bolster economic growth, and Mr. Romney agreed that deeper cuts may be required to protect the solvency of federal entitlement programs during the televised debate.
But it may also reflect deeper fears that the days of relying on manufacturing as a growth strategy, for all its technical sophistication, are numbered.
The growth of engagement activities like games would give a brand deeper data on customer behaviour.
The International Monetary Fund l owered their global growth forecast again on Tuesday, saying that the risks of a deeper than expected slow down were greater than they were at the end of the summer.
But it is not about shrinking their business as the field for renewed retail growth is already broad and deep, and may well get broader and deeper as the economy recovers.
Modernization requires a deeper process through which the government equips the private sector with the tools necessary to drive economic growth and innovation into the future.
But cosmetic changes to the brand won't solve deeper issues at Citi--namely a cost base that is growing faster than the rate of revenue growth.
He notes that deeper recessions usually yield faster recoveries and, although real estate crashes are associated with slower recoveries, current growth rates are still well below what would be expected.
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The deeper the recession, the more all the bad economic ideas are being starved of capital so that good, growth oriented ideas can receive the formerly misused capital in abundance.
FORBES: Obama Gave a Great Speech, With Some Really Bad Ideas
That is why I pledge that the United Nations will go deeper in identifying the best practices and helping countries deliver on education, skills, training, and job-rich growth for young people.
Armed with fresh data, the ONS has taken another look at what happened to the economy before and during the recession: they now think growth was a bit stronger in the first years of the 21st century, but the recession itself was deeper, with a total drop in output of 7.1%, not 6.4% as previously thought.
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