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Even in America, where households are moving out of the red faster than elsewhere, they have at best got only halfway there.According to the analysis by Carmen and Vincent Reinhart mentioned earlier in this report, GDP per head, on average, grows 1% a year more slowly in the decade after big crises than in the decade before.
We explicitly include that also the population changes randomly over time: old individuals die and new are born, in such a way that the population, on average, grows.
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What some worried would be a "new normal" of expansion of 3% a year is turning out to be far worse.The region's economies will on average grow by only around 1.3% this year.
Their index shows that global inequality rose in the 19th and 20th centuries because richer economies, on average, grew faster than poorer ones.
And as poor countries are on average growing faster than rich ones, inequality in the world as a whole is falling.Getting richer quickerGreater inequality can happen either because the wealthier are getting wealthier, or the poor are falling behind, or both.
But there is no evidence that autocracies, on average, grow faster than democracies.
In the four years after the 1990-91 recessits, its revenue on average grew by 15 percent a year.
In 2013 their output per person, on average, grew just 1.1% faster than that in America.
The mortgage debts of younger homeowners, though still considerably larger at $75,000 on average, grew barely a fifth as quickly.
Nonetheless, most of the region's big economies have, on average, grown during this period though much more slowly than their historical average.
Since then, new houses have on average grown by more than 40 percent, as dens have expanded into great rooms, and tubs and sinks have multiplied.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com