According to the IMF’s latest World Economic Outlook, maybe. And not just since Covid, but the world has been slowing since the 2008 financial crisis. They say it’s due to demographics (aging population, shrinking work force), “misallocation of resources” (low capital investment?), “fragmentation” (moving away from free trade?) and slowing innovation as measured by total factor productivity. Well crap. So we should have been investing in education, infrastructure, research and development all this time? Instead we let big business capture the political system, stifle competition and innovation, and starve the public realm apparently. Which is not even in their best interests in the long run. Our society is gradually slipping, and each time there is a crisis we are not able to bounce back all the way to our previous trend. Now we are looking at a looming food crisis and the loss of our coastal urban centers all over the world. And we are stupid enough to get ourselves into wars on top of all this.