But applying the same logic to Japan, where growth has averaged only 0.7% a year over the past seven years, compared with a previous trend rate of 3-4%, one could argue that Japan's output has already fallen by as much as 15-20% relative to its previous trend.

ECONOMIST: Yin and yang | The

Paul Matsen has bucked the trend, having been CMO of Cleveland Clinic for almost seven years now.

FORBES: Korea Gas

The World Bank argues in a new report that tighter financial conditions, thanks to tougher regulation and higher risk aversion, could reduce developing countries' trend growth by 0.2-0.7 percentage points over the next five to seven years.

ECONOMIST: The world economy