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The Great Frustration: why bleak GDP forecasts remain the reality Add to ...

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And so the Great Frustration continues. That is the term that Australia’s central bank governor, Glenn Stevens, has applied to the prolonged period of sluggish growth coming out of the 2008-09 “Great Recession,” and one can’t help but think we won’t see the end of it any time soon given the latest pronouncement from the U.S. Federal Reserve.

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