Many “anomalies” in the global economy can be explained by its transformation into a service economy

The world’s transformation into a service economy explain s many “anomalies” (surprising developments) in the global economy: The low level of real interest rates and the resulting fall in investment needs; The slowdown in potential growth, due to weak productivity gains in services; The slowdown in global trade and in economies linked to global trade; Rising inequalities due to the low level of wages in services. The transformation of the global economy into a service economy is a far-reaching phenomenon.