The slow and steady way to grow

Next year, the global economy is expected to grow by 4%, weighed down by weak growth in all three of the world's largest markets - Europe, the US and Japan. SMU's Assistant Professor Davin Chor does not see any easy solutions to the global economy's current funk. “A lot, then, depends on how long a slowdown the developed countries will go through; namely, whether there will be a sharp rebound or whether we are looking more at a scenario akin to Japan's 'lost decade”, he said.