# An op-ed by Prof. Michael Spence on the outlook for global economic growth

1 Faculty News September 14, 2012 ![Project Syndicate logo](/sites/default/files/styles/246w/public/assets/images/con_030500.jpg?itok=ONV7lJ6H)>

Excerpt from [Project Syndicate](http://www.project-syndicate.org/commentary/hard-truths-about-global-growth-by-michael-spence) -- "To the extent that this is true of other advanced economies, the global economy faces an extended multi-year period of low growth, with residual downside risk coming from policy gridlock and mistakes in Europe, the US and elsewhere. That scenario implies slower growth – possibly 1-1.5 percentage points slower – in developing countries, including China, again with a preponderance of downside risk."

[Read more](http://www.project-syndicate.org/commentary/hard-truths-about-global-growth-by-michael-spence)