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WORLD BANK: Global growth will peak this year and then decline

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  • Global growth is predicted to peak this year, due to slowing productivity, weak investment and changing demographics, the World Bank said.
  • Prioritizing productivity reforms could be one solution in the face of high employment and aging populations, the Bank’s report said.
  • Long term, a slowdown in growth could worsen global living standards and exacerbate poverty levels.

LONDON — Global growth is likely to peak this year and decline going forward, due to a slowdown in productivity, weak investment and ageing workforces worldwide, the World Bank has said.

According to a new report, global economic growth will edge up to 3.1% in 2018 read more >>>

Source:: BusinessInsider.Com