World Bank expects global economic growth to fall to its lowest level in three decades by the end of 2030, calling the period from now until then the 'lost decade'
The World Bank expects global economic growth to fall to its lowest level in three decades by the end of 2030, calling the period from now until then the "lost decade."
"Nearly all the economic forces that powered progress and prosperity over the last three decades are fading. As a result, between 2022 and 2030 average global potential GDP growth is expected to decline by roughly a third from the rate that prevailed in the first decade of this century to 2.2 percent a year," it added.
"These declines would be much steeper in the event of a global financial crisis or a recession," the World Bank warned. He added that the ongoing decline in potential growth has serious implications for the world’s ability to tackle some of the current major challenges, such as poverty, diverging incomes, and climate change.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Bank collapse: First Citizens Bank buys Silicon Valley BankAll SVB customers will automatically become customers of First Citizens Bank.
Lire la suite »
World Bank warns of 'lost decade' in global growth without bold policy shiftsAverage potential global economic growth will slump to a three-decade low of 2.2% per year through 2030, ushering in a 'lost decade' for the world's economy, unless policymakers adopt ambitious initiatives to boost labor supply, productivity and investment, the World Bank warned on Monday.
Lire la suite »
World Bank expects slow global economic growthThe World Bank says the global economy's 'speed limit' has fallen dramatically.
Lire la suite »
Silicon Valley Bank has a buyerFounded in 1983, SVB became the go-to bank and financial services partner of technology startups.
Lire la suite »
Connected Kerb & Surrey County Council Aim For 10,000 Public EV Charging Points By 2030 - CleanTechnicaConnected Kerb's product range is set to be rolled out across Surrey, consisting of 7kW and 22kW Gecko chargers, Chameleon chargers for on-street and car parks, and the wall-mounted Limpet and Scarab throughout housing developments.
Lire la suite »
U.S. Bank Failures Pose Risk to Global GrowthRipple effects of the strains on the U.S. financial system could lead to tighter credit and sharper slowdown worldwide
Lire la suite »