Here is the sad fact: Over the last decade, the growth rate of real G.D.P. But by the first quarter of 1989, as Ronald Reagan was leaving the White House, the 10-year growth rate was up to 2.1 percent. Secular stagnation Lawrence H. Summers, former economic adviser to President Obama, has suggested that the problem predates the recent financial crisis. Sluggish Economic Growth The American economy has slowed to a crawl. One sickness, five diagnoses.

Source: New York Times June 17, 2016 14:01 UTC