Restructuring Western Economies A Must

October 20, 2011
by Daniel Zurbrügg


Economic growth in Europe as well as the United States has slowed significantly in recent quarters.

Only three years after the world’s financial crisis in 2008, the global economy is slowing down again. At the start of the year, most forecasters expected global gross domestic product to expand in the range of 4.3 percent to 4.5 percent, it probably will only be around 3 percent.

While economic growth in many Asian and Latin American countries remains relatively strong, Western countries are hit much harder. Economic growth in Europe as well as the United States has slowed significantly in recent quarters, and it looks like many countries will experience little to no growth this and next year.

Even harder hit are the “problemâ€