The long hangover in the wake of the global financial crisis is finally over, says one of the world's leading economic historians.
Harvard professor Niall Ferguson says that any threat of so-called "secular stagnation" in the US, with a future of low growth and near-deflation, receded around February this year.
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Kevin Chinnery is the opinion editor and an editorial leader writer. He covered trade and industry across the Asia-Pacific region from Singapore and Hong Kong, and is a former editor of BRW magazine. Connect with Kevin on Twitter. Email Kevin at kchinnery@afr.com