Global economic growth will reach just 2.8% by 2030, a full percentage point below the historical average, unless major reforms are made to boost productivity and leverage technologies such as artificial intelligence, the IMF said on Wednesday. The International Monetary Fund released a chapter of its forthcoming World Economic Outlook (WEO) that showed further declines in the global growth rate, which has slowed steadily since the 2008-2009 global financial crisis. "Without ambitious steps to enhance productivity, global growth is set to fall far below its historical average," the IMF said, warning that expectations of weak growth could discourage investment, possibly deepening the slowdown.
In this article, we will look at 20 countries with the lowest minimum wage in the world. If you want to skip our detailed analysis, you can go directly to 5 Countries with the Lowest Minimum Wage in the World. An Overview of the Global Labour Market Landscape The global macroeconomic landscape deteriorated significantly in […]
In this article, we will be taking a look at the 25 largest economies in the world by 2075. To skip our detailed analysis, you can go directly to see the 5 largest economies in the world by 2075. In both 2022 and 2023, the global economy has struggled significantly after record inflation enveloped most countries across […]