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No Signs U.S. Catching Up With Growth Trend, Stiglitz Says

The U.S. economy is showing no signs of catching up with its past growth trend and advanced economies are at risk of “Japanese-style malaise,” Columbia University Professor and Nobel laureate Joseph Stiglitz said.

The world’s largest economy is “about 15 percent below trend and there is little prospect of catching up any time soon,” Stiglitz said in a speech in Johannesburg today.