The “speed limit” of the global economy, which represents the maximum long-term rate at which it can grow without inflation, will fall to a 30-year low by 2030. This is indicated in the World Bank’s estimate. deliveryHit the lining.
“According to forecasts, the global economy’s “speed limit” – the maximum long-term rate at which it can grow without provoking inflation – will fall to a three-year low by 2030, the agency quoted. .
The authors of the document noted that in the past three decades, almost all of the economic factors that have fueled the progress and prosperity of the world economy have weakened.
The World Bank has allowed a “lost decade” for the global economy due to a possible slowdown in its growth.
“… Between 2022 and 2030, the average potential growth rate of global GDP is expected to fall by about a third compared to the pace in the first decade of this century, at 2.2% per year,” they write. . authors of the report.
Earlier, Reuters reported that the World Bank, European Commission and officials in Kiev estimated the cost of rebuilding Ukraine at $411 billion.