Double dip recession isn’t the real worry

---

People are looking at the recent GDP growth figures very excitedly noting that with 2.5% rate we’re likely to avoid a dreaded double dip recession.

Double dip recession isn’t the real worry.

Mediocre growth for a number of years is. The problem is that it’s not going to be enough to absorb the increase in working population.

Remember Japan – it, too, had growth just not enough.

And they’re still stuck in a Lost Decade that’s actually nearly 22 years old.