The optimistic energy scenario is a continuation of the accelerating rate of energy use that has occurred over the last few decades, and exceeds the projected energy supply of any published account, yet even this amount of energy fails to
bring global growth rates to zero.
Not exact matches
With the
global economy «floating on an ocean of credit,» the current acceleration of credit via central bank policies will likely produce a positive
rate of real economic
growth this year for most developed countries, PIMCO chief Bill Gross writes in his latest monthly commentary, but «the structural distortions
brought about by zero bound interest
rates will limit that
growth and induce serious risks in future years.»
«All of this has really triggered a spike in volatility because it's
brought into question whether higher interest
rates are going to curtail the
global growth story or erode corporate profitability,» said Bangsund.
Thanks for
bringing attention to potential
global threats to humanity, ones posed by the current huge scale and skyrocketing
growth rate of human population numbers on Earth.