Daily Summary
The World Bank warned that without major increases in labor supply, productivity, and investment, global economic growth could decline to a three-decade low of 2.2% per year through 2030. It also cautioned that the slowdown could worsen dramatically if another global financial crisis occurs, potentially leading to a 'lost decade' for the global economy.
Global Economic Growth Could Slip to a Three‐Decade Low
The World Bank warns that without major reforms, global economic growth could decline to a three-decade low of 2.2% per year by 2030, with risks of a sharper downturn in the event of another financial crisis.