WORLD BANK: Global growth will peak this year and then decline
|01/10/2018||Posted by BusinessMediaguide.Com under General World News||
- 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.