Global economy’s “speed limit” set to fall to three-decade low
The global economy’s “speed limit” is set to fall to a three-decade low by 2030, the World Bank has said.
The bank, in its report titled “Falling Long-Term Growth Prospects: Trends, Expectations, and Policies” said the global potential growth rate, the maximum rate at which an economy can grow without igniting inflation, is expected to fall to a three-decade low over the remainder of the 2020s.
The report offers the first comprehensive assessment of long-term potential output growth rates in the aftermath of the…