Falling Long-Term Growth Prospects
A structural growth slowdown is underway across the world: at current trends, the global potential growth rate is expected to fall to a three-decade low over the remainder of the 2020s. Nearly all the forces that have powered growth and prosperity since the early 1990s have weakened, not only because of a series of shocks to the global economy over the past three years. A persistent and broad-based decline in long-term growth prospects imperils the ability of emerging market and developing economies to combat poverty, tackle climate change, and meet other key development objectives. These challenges call for an ambitious policy response at the national and global levels. This book presents the first detailed analysis of the growth slowdown and a rich menu of policy options to deliver better growth outcomes.
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World Bank : Washington, DC
2024-02-01
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Subjects: | STRUCTURAL GROWTH, GROWTH PROSPECTS, DEVELOPING ECONOMIES, POVERTY, POLICIES, |
Online Access: | https://openknowledge.worldbank.org/handle/10986/39497 |
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dig-okr-10986394972024-02-21T01:31:10Z Falling Long-Term Growth Prospects Trends, Expectations, and Policies Kose, M. Ayhan eds. Ohnsorge, Franziska STRUCTURAL GROWTH GROWTH PROSPECTS DEVELOPING ECONOMIES POVERTY POLICIES A structural growth slowdown is underway across the world: at current trends, the global potential growth rate is expected to fall to a three-decade low over the remainder of the 2020s. Nearly all the forces that have powered growth and prosperity since the early 1990s have weakened, not only because of a series of shocks to the global economy over the past three years. A persistent and broad-based decline in long-term growth prospects imperils the ability of emerging market and developing economies to combat poverty, tackle climate change, and meet other key development objectives. These challenges call for an ambitious policy response at the national and global levels. This book presents the first detailed analysis of the growth slowdown and a rich menu of policy options to deliver better growth outcomes. 2023-03-09T17:32:44Z 2023-03-09T17:32:44Z 2024-02-01 https://openknowledge.worldbank.org/handle/10986/39497 CC BY 3.0 IGO https://creativecommons.org/licenses/by/3.0/igo/ application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf World Bank : Washington, DC |
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STRUCTURAL GROWTH GROWTH PROSPECTS DEVELOPING ECONOMIES POVERTY POLICIES STRUCTURAL GROWTH GROWTH PROSPECTS DEVELOPING ECONOMIES POVERTY POLICIES |
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STRUCTURAL GROWTH GROWTH PROSPECTS DEVELOPING ECONOMIES POVERTY POLICIES STRUCTURAL GROWTH GROWTH PROSPECTS DEVELOPING ECONOMIES POVERTY POLICIES Kose, M. Ayhan eds. Ohnsorge, Franziska Falling Long-Term Growth Prospects |
description |
A structural growth slowdown is underway across the world: at current trends, the global potential growth rate is expected to fall to a three-decade low over the remainder of the 2020s. Nearly all the forces that have powered growth and prosperity since the early 1990s have weakened, not only because of a series of shocks to the global economy over the past three years. A persistent and broad-based decline in long-term growth prospects imperils the ability of emerging market and developing economies to combat poverty, tackle climate change, and meet other key development objectives. These challenges call for an ambitious policy response at the national and global levels. This book presents the first detailed analysis of the growth slowdown and a rich menu of policy options to deliver better growth outcomes. |
topic_facet |
STRUCTURAL GROWTH GROWTH PROSPECTS DEVELOPING ECONOMIES POVERTY POLICIES |
author |
Kose, M. Ayhan eds. Ohnsorge, Franziska |
author_facet |
Kose, M. Ayhan eds. Ohnsorge, Franziska |
author_sort |
Kose, M. Ayhan |
title |
Falling Long-Term Growth Prospects |
title_short |
Falling Long-Term Growth Prospects |
title_full |
Falling Long-Term Growth Prospects |
title_fullStr |
Falling Long-Term Growth Prospects |
title_full_unstemmed |
Falling Long-Term Growth Prospects |
title_sort |
falling long-term growth prospects |
publisher |
World Bank : Washington, DC |
publishDate |
2024-02-01 |
url |
https://openknowledge.worldbank.org/handle/10986/39497 |
work_keys_str_mv |
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