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The World Bank predicted a «lost decade» for the global economy


三月, 27 2023
watermark Economic news

Indermit Gill, Chief Economist and Senior Vice President for Development Economics at the World Bank, said that a lost decade is being formed for the world economy. 


Gill believes that «the continued decline in potential growth has serious implications for the world's ability to address an increasingly wide range of current challenges, such as entrenched poverty, income disparities and climate change.»


According to the economist's calculations, the decline in potential growth can be reversed with the help of policies that encourage labor, increase productivity and accelerate investment.


According to the World Bank report, if countries adopt a sustainable, growth–oriented policy, the potential growth rate of global GDP can be increased by 0.7 percentage points to an average annual rate of 2.9%.


Also, according to the updated forecast of the World Bank, from 2022 to 2030, the average potential growth rate of global GDP will be 2.2% per year.


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外汇本质上有高度的投机性和复杂性,可能并不适合所有投资者。 外汇交易可能会带来重大的收益或损失。 因此,建议您不要承担无法承受的损失。 在使用ForexMart提供的服务之前,请确认外汇交易相关联的风险。 必要时寻求独立的财务意见。请注意,过去的业绩和预测都不是未来结果的可靠指标。