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In Britain the likelihood must be of renewed contraction, or prolonged stagnation at best.
But, again, Japan has shown us that prolonged stagnation eats away at stockmarket performance.
But falling living standards and economic hardship among tipped workers signal prolonged stagnation throughout the economy.
For if the banks cannot finance recovery while business and consumers save, the state has to spend and borrow – otherwise there will be prolonged stagnation.
The nation's capacity to emerge from not one but two debilitating financial crises without prolonged stagnation is drawing attention in a world that suddenly needs economic role models.
A growing number of European political and business leaders are warning that harsh fiscal contraction is consigning Europe to prolonged stagnation or worse.
Similar(23)
Britain suffered prolonged economic stagnation even before the onset of the Great Depression: And it didn't even succeed in reducing the debt/GDP ratio, because deflation and slow growth outweighed the effects of austerity.
In the longer term a chronic crisis is already creating permanent damage: prolonged economic stagnation and depression in deficit countries, loss of confidence in the credibility of governments and the future of the euro, and increasingly poisonous politics.
Unfortunately, skyrocketing premiums not only have caused prolonged wage stagnation, but also make the system unsustainable in the long run.
It appears Samuels is bent on alienating gun owners by clinging to a trite myth that is more likely to prolong cultural stagnation than lead to a resolution.
Road to Recovery The annual ritual of crisis and denial in Japan that has prolonged its economic stagnation is wearing thin.
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