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Grantham: On The Road To Zero Growth - Business Insider

"Someday, when the debt is repaid and housing is normal and Europe has settled down, most business people seem to expect a recovery back to America's old 3.4% a year growth trend, or at least something close," he wrote. "They should not hold their breath.

"A declining growth trend is inevitable and permanent and is caused by some pretty basic forces."

Those basic forces include unfavorable demographic trends, decelerating productivity growth, tightening resource constraints, and rising environmental costs.

These are trends that have been developing for years. However, they have gone unnoticed thanks to the tech, housing, and financial booms and busts of the last ten or so years.

We pulled the key charts and stats from Grantham's note which help illuminate his thesis.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Nov 25th, 2012 at 03:15:38 PM EST
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