The world is approaching a period that may be an equivalent of Japan's "Lost Decade". Upon reaching 6% in 1992, the BOJ began cutting rates and eventually reached zero a few years later. Just like Japan, the Fed and the ECB failed to exit its stimulus programs and is likely to continue easing.
The Global Economy Looks Disturbingly Like Japan Before Its 'Lost Decade'
Forbes - 18 Apr 2019 16:28
The world is approaching a period that may be an equivalent of Japan's "Lost Decade". Upon reaching 6% in 1992, the BOJ began cutting rates and eventually reached zero a few years later. Just like Japan, the Fed and the ECB failed to exit its stimulus programs and is likely to continue easing.
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