Signal The gap between growth and interest rates approached zero and may have flipped in the US in 2025

Summary

MGI reports that with interest rates up in the United States and Europe and growth projections down in China, the gap between nominal growth and long-term borrowing costs is far closer to zero than over the past decade and a half, and that some projections suggest the signs flipped in the United States in 2025 so that interest rates now exceed expected growth.