
The International Monetary Fund (IMF) forecasts global growth rate to reach 2.8% by 2030, a full percentage point below the historical average of 3.8%, if major tech advances or structural reforms are not implemented. IMF also projects global labor supply growth rate to reach 0.3% by 2030, significantly lower than its pre-COVID average. The IMF warns of persistent low growth in the absence of productivity reforms, emphasizing the need for significant changes to boost economic growth.
The IMF hinted it would nudge its global growth forecasts slightly higher, while warning that the world economy still risks a “Tepid Twenties” this decade if inflation and debt challenges aren’t addressed. https://t.co/KG9MkuXvEu
Welcome to the 'tepid twenties,' a decade of sluggish growth and rising debt, IMF chief says https://t.co/uEqUNislbJ
IMF’s GEORGIEVA: Will this decade “go down in history as ‘the Turbulent Twenties’, .. the ‘Tepid Twenties”, .. or ‘the Transformational Twenties’, a time of rapid technological advancements for the good of humanity?” @KGeorgieva @IMFNews https://t.co/ur5pSOAUaa https://t.co/lKBSGxEFbx


