By historical standards, this implies sustained double - digit losses on bond holdings,
subpar growth in developed markets, and balance sheet risks for banking systems with a large home bias.
Not exact matches
-- Weak investment: Both public and private investment has been
subpar in recent years, with the latter feeding back negatively into productivity
growth, as Larry Mishel shows — quite dramatically — here.
Indeed, a number of forecasters are now predicting that the expansion, which began
in 2009 and has remained
subpar ever since, might prove to be far more durable than the typical five - to - six - year
growth cycle,
in part because of the absence of the traditional boom, then bust pattern.
After more than four years of
subpar growth, global GDP hinges on the resilience of domestic demand
in developed nations, the outlook for China and the impact of US monetary tightening on emerging markets.
By the middle of February, banking industry stocks
in both Europe and the U.S. had suffered double - digit price declines as investors fretted over ever - intensifying regulation and
subpar economic
growth.
In the past few years, investors have taken this theory to heart, believing that perpetually slow economic
growth, low interest rates and
subpar investment returns are inevitable.
The last two decades have seen
subpar economic
growth, at least as compared to the strong
growth in the decades after World War II.
But with
subpar performance across its actively managed funds, very little expertise
in smart beta ETFs, a failing active ETF business, and no chance at breaking into the regular index ETF market (that BlackRock and Vanguard dominate), future
growth prospects look very grim for Franklin Resources.
In fact, it's very positive, relative to the past decade of
subpar GDP
growth.
Adds Yun, «With roughly 26 million more people
in the U.S. 2 compared to the peak year of home sales
in 2005 (7.08 million), the pace of existing sales would likely be more robust if not for the economy's
subpar growth since the downturn and wage gains that have failed to keep pace with rents and home prices.»
Too many would - be buyers have been locked out of the market by the factors found
in this study, and it's also one of the biggest reasons why economic
growth has been
subpar in the current recovery.»
Despite more than quintupling its balance sheet from about $ 800 billion
in September 2008 to $ 4.5 trillion
in an effort to stimulate the economy,
growth continues to be
subpar.
The
subpar growth reflects weak productivity
growth, which has averaged less than 1 % over the past five years, and a low rate of labor force participation that remains at levels last seen
in the 1970s.
«The commercial real estate sector is on the path to recovery, but
subpar economic
growth, lack of financing available to small investors and the industry trend towards squeezing more employees into existing spaces will keep demand from meaningful acceleration,» Yun said
in the NAR press release highlighting the report.
«Last year was the 11th year
in a row of
subpar GDP
growth, but renewed corporate optimism leading to a focus on investment and a desperately needed boost
in residential construction should pave the way for modest expansion this year of around 2.4 percent,» he said.
He said the good news is that the economy is
in no danger of a recession; however, this year will likely mark nine straight years of
subpar growth of less than the historical average of 3 percent.»
«Last year was the 11th year
in a row of
subpar GDP
growth, but renewed corporate optimism leading to a focus on investment and a desperately needed boost
in residential construction should pave the way for modest expansion this year of around 2.4 percent,» says Lawrence Yun, NAR chief economist.