A $14.5 Trillion Economy Stuck in Neutral

摘要

When countries suffer financial crises, history shows, they generally climb back out of them via exports. Their currency falls, and the parts of the world that didn't go through a financial crisis help them out of their hole by snapping up their goods and services and putting their people back to work.rnThis time it's not so easy. The financial crisis wasn't felt in just a single country. Last year was the first year since the Great Depression in which the economic output of the entire world declined. What's more, the countries that are growing quickly now, such as China, aren't willing to step up their imports tornstimulate growth in the weaker economies.