Evidence that Oil Limits are Leading to Declining Economic Growth
The
usual assumption that economists, financial planners, and actuaries
make is that future real GDP growth can be expected to be fairly similar
to the average past growth rate for some historical time period. This
assumption can take a number of forms–how much a portfolio can be
expected to yield in a future period, or how high real (that is, net of
inflation considerations) interest rates can be expected to be in the
future, or what percentage of GDP the government of a country can safely
borrow.
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