Because governments do not appreciate the economy’s resilience, they are undermining the fundamental sources of its strength.

They maintain that artificial general intelligence ( AGI ), capable of outperforming most people at most desk jobs, will soon lift annual GDP growth to 20-30% a year, or more. That may sound ...

In Japan, economic growth is expected to accelerate this year — but only from 0.2% in 2024 to a sluggish 0.7% this year, well short of the 1.2% the World Bank had forecast in January.