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But to combine that slowdown with a push for immediate deployment, however named, is a mistake.
Recent data raised fears of a slowdown, with a disappointing service sector survey this week adding more evidence.
A new study of sediments from the Atlantic bottom directly links this slowdown with a massive buildup of carbon dragged from the air into the abyss.
In almost every other remotely comparable episode, very fast growth ended in a sharp slowdown, with a median drop in the growth rate of 4.7 percentage points.
But ABN was able to mitigate that slowdown with a strong showing by its Brazilian unit and a surge in consumer lending, including home and car loans.
Beijing has made clear that after initially cushioning the slowdown with a massive fiscal stimulus, it is now aiming to engineer a shift to a more sustainable growth model, from a dependence on investment and exports towards consumption.
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All sectors of industry are showing important slowdowns, with an average of 25%." A survey of Argentine business leaders found that the outlook of 51% of respondents was negative.
Shekhar Gupta, editor of The Indian Express, recently warned that India was at risk of falling into a difficult slowdown, with growth at 6 percent — a stellar figure elsewhere, but too low to keep pace with employment and demographic pressures in India.
The productivity slowdown coincided with a near-collapse of overall business investment and a slowdown in business dynamism, reflected in a decline in business startups.
China, meanwhile, is undergoing a carefully managed slowdown with growth slowing to a still-robust 7.1percentthis yearar (7.4percentt in 2014), 7percentt in 2016 and 6.9percentt in 2017.
America's slowdown began with a steep drop in technology investment, which was already hurting Asia's export-driven economies.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com