World Bank warns of ‘lost decade’ in global growth without bold policy shifts
New financial crisis could lead to “sharper” slowdown
Boosting investment, cutting trade costs could reverse trend
Raising labor force participation would boost growth rate
WASHINGTON, March 27 (Reuters) – Average potential global economic growth will slump to a three-decade low of 2.2% per year through 2030, ushering in a “lost decade” for the world’s economy, unless policymakers adopt ambitious initiatives to boost labor supply, productivity and investment, the World Bank warned on Monday.
