Assembling the global growth mosaic
Putnam’s macroeconomic research identifies factors that point to continued weakness in the long-term growth potential of several major developed countries.
Putnam’s macroeconomic research identifies factors that point to continued weakness in the long-term growth potential of several major developed countries.
Our analysis of TFP — Total Factor Productivity — gives us confidence that innovation can sustain long-term economic growth at pre-2008 levels.
Despite ups and downs in quarterly GDP, we see trends that herald the economy’s return to the “old normal,” pre-financial crisis pace of growth.