Framework Paper for the Sustainable Development Commission
نویسنده
چکیده
Lower or zero growth could offer a realistic scenario, particularly for the future of the economy of advanced societies. This might arise from a variety of possible causes ranging from deliberate attempts to reduce growth in order to achieve sustainable development in society as a whole, or from the natural or cyclical levelling out of conventional, unadjusted economic growth, without any deliberate action being taken for whatever reason. Growth forecasts have become bleak recently anyway but it is too early to tell whether this is a short term phenomenon or the beginning of a longer lasting trend. Growth forecasts from the Treasury in the UK Budget 2008 were 1.75% in 2008 and 2.75% for 2009, but this was revised downwards by the IMF and 1.4% are now forecast for the Euro zone.
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