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demand growth English
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Prior to the crisis, many suspected that the mix of aggregate demand that was supporting high growth was unsustainable, though the problem perhaps seemed too hypothetical to compel collective action.
Second, everyone must recognize their stake in restoring balanced advanced-country growth as much and as soon as possible in order to counter the ongoing shortfall in aggregate demand.
If the slowdown in advanced countries persists, pre-crisis growth levels will not be achievable in the developing world either, owing to insufficient demand to absorb the implied increase in output.