<P> Although productivity never returned to peak levels, it did enjoy a revival with the growth of the computer and communications industries in the 1980s and 1990s . This enabled a recovery in GDP growth rates; however, debt in the period following 1982 grew at a much faster rate than GDP . </P> <P> The U.S. economy experienced structural changes following the stagflation . Steel consumption peaked in 1973, both on an absolute and per - capita basis, and never returned to previous levels . The energy intensity of the United States and many other developed economies also began to decline after 1973 . Health care expenditures rose to over 17% of the economy . </P> <P> Productivity growth began to slow down sharply in developed countries after 1973, but there was a revival in the 1990s which still left productivity growth below the peak decades earlier in the 20th century . Productivity growth in the U.S. slowed again since the mid-2000s . </P> <P> A recent book titled The Great Stagnation: How America Ate All the Low - Hanging Fruit of Modern History, Got Sick and Will (Eventually) Feel better by Tyler Cowen is one of the latest of several stagnation books written in recent decades . Turning Point by Robert Ayres and The Evolution of Progress by C. Owen Paepke were earlier books that predicted the stagnation . </P>

Two reasons for the socio economic stagnation of the area of khomani