G7 Real GDP: Meet The Global New Mediocre

The video discusses various economic concepts, including GDP trends, secular stagnation, and the impact of demographics and the financial crisis on growth. It highlights concerns about future productivity and growth, emphasizing the importance of employment even during slow growth periods. The discussion also touches on inequality and its influence on policy-making.

What is the significance of the term 'secular stagnation' as mentioned in the text?

What issues does the speaker associate with increased inequality in rich countries?