10 On the more discouraging side, investment continues to disappoint – and so the current capital stock is smaller and embodies fewer frontier technologies than might otherwise be the case – and the productivity slowdown is a global phenomenon, suggesting that it may not be easily or quickly remedied.
5  Eugenio Pinto and Stacey Tevlin (2014), “Perspectives on the Recent Weakness in Investment,” FEDS Notes (Washington: Board of Governors of the Federal Reserve System, May 21).