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Larry Summers on secular stagnation

Why good growth figures in many developed economies may disguise a new malaise, secular stagnation.

If you thought the western economies were finally shaking off recession and posting reasonable growth rates, think again. They may be suffering a new malaise. Welcome to the world of "secular stagnation". Business Daily speaks to former US Treasury Secretary Larry Summers about what secular stagnation is. We'll also be discussing what can be done about it with Simon Jack of our Business and Economics Staff. Plus we've got our regular commentator Lucy Kellaway of the Financial Times with a radical solution to make your working day more productive.

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25 minutes

Last on

Mon 12 May 2014 14:06GMT

Broadcast

  • Mon 12 May 2014 14:06GMT

Podcast